Squarepoint Ops LLC Raises Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

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

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV boosted its stake in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department acquired a new stake in JFrog during the 4th quarter worth $131,000. Tower Research Capital LLC TRC boosted its stake in JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after purchasing an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in JFrog during the 4th quarter worth $193,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

Shares of JFrog stock traded down $0.17 on Friday, reaching $42.73. 698,002 shares of the company were exchanged, compared to its average volume of 1,125,082. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79. The company has a market cap of $4.90 billion, a P/E ratio of -67.83 and a beta of 0.97. The stock's 50 day moving average price is $35.36 and its 200-day moving average price is $34.07.

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

Analyst Ratings Changes

Several brokerages have issued reports on FROG. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 target price on shares of JFrog in a research note on Monday, May 5th. Barclays lowered their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group lifted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Truist Financial lifted their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Scotiabank reduced their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 41,829 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the transaction, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 20,000 shares of the business's 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 transaction, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 212,548 shares of company stock valued at $7,167,041. 14.10% of the stock is currently owned by corporate insiders.

About JFrog

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.