State of Wyoming Takes Position in JFrog Ltd. (NASDAQ:FROG)

State of Wyoming acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,176 shares of the company's stock, valued at approximately $240,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after acquiring an additional 349,532 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after acquiring an additional 797,949 shares during the period. Wasatch Advisors LP grew its position in JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after purchasing an additional 70,204 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in JFrog by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after purchasing an additional 53,622 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FROG shares. Truist Financial boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Scotiabank reduced their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Finally, Canaccord Genuity Group increased their price objective 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. Three 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Trading Up 0.8%

JFrog stock traded up $0.36 on Thursday, hitting $43.08. 309,240 shares of the stock traded hands, compared to its average volume of 1,129,990. The business's fifty day simple moving average is $35.03 and its 200 day simple moving average is $33.89. The firm has a market cap of $4.94 billion, a P/E ratio of -68.25 and a beta of 0.97. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.79.

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

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the sale, the director now directly owns 4,374,432 shares of the company's stock, valued at approximately $146,455,983.36. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $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. Insiders have sold a total of 212,548 shares of company stock worth $7,167,041 over the last quarter. Company insiders own 14.10% of the company's stock.

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.