Squarepoint Ops LLC Acquires 15,063 Shares of JFrog Ltd. (NASDAQ:FROG)

Squarepoint Ops LLC grew its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,166 shares of the company's stock after purchasing an additional 15,063 shares during the quarter. Squarepoint Ops LLC owned approximately 0.09% of JFrog worth $2,622,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP boosted its position in shares of JFrog by 20.9% during the 4th quarter. Two Sigma Advisers LP now owns 57,900 shares of the company's stock valued at $1,703,000 after purchasing an additional 10,000 shares in the last quarter. State of Wyoming bought a new position in shares of JFrog during the 4th quarter worth approximately $240,000. Snowden Capital Advisors LLC boosted its holdings in shares of JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after buying an additional 564 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in JFrog by 24.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 389,252 shares of the company's stock worth $11,448,000 after purchasing an additional 76,228 shares during the period. Finally, Sphera Funds Management LTD. grew its stake in shares of JFrog by 58.1% in the 4th quarter. Sphera Funds Management LTD. now owns 190,381 shares of the company's stock valued at $5,599,000 after buying an additional 70,000 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FROG. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Truist Financial lifted their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays lowered their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Stock Performance

FROG traded down $0.17 during midday trading on Friday, reaching $42.73. The company had a trading volume of 698,002 shares, compared to its average volume of 1,125,082. The business has a 50-day moving average price of $35.36 and a two-hundred day moving average price of $34.09. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.79. The stock has a market cap of $4.90 billion, a PE ratio of -67.83 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same period in the prior year, the company posted $0.16 EPS. JFrog's revenue was up 22.0% compared to the same quarter last year. On average, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the sale, the chief executive officer now owns 4,929,755 shares in the company, valued at $148,089,840.20. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the sale, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. This trade represents a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 212,548 shares of company stock worth $7,167,041 in the last three months. Corporate insiders own 14.10% of the company's stock.

JFrog Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.