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

State of Wyoming bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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. increased its stake in 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 purchasing an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in JFrog by 12.0% in the fourth 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 during the period. Champlain Investment Partners LLC raised its stake in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after buying an additional 797,949 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of JFrog by 3.3% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after buying an additional 53,622 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Up 1.4%

NASDAQ FROG traded up $0.61 on Tuesday, reaching $43.10. The company had a trading volume of 553,160 shares, compared to its average volume of 1,134,096. The company's fifty day moving average is $34.67 and its 200 day moving average is $33.76. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.79. The stock has a market capitalization of $4.94 billion, a P/E ratio of -68.41 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. On average, research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other JFrog news, CRO Tali Notman sold 16,548 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $604,829.40. Following the completion of the transaction, the executive now owns 744,903 shares of the company's stock, valued at $27,226,204.65. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 6,672 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 $243,861.60. Following the sale, the chief financial officer now directly owns 166,236 shares in the company, valued at $6,075,925.80. The trade was a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,548 shares of company stock valued at $7,167,041 over the last quarter. 14.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FROG shares. Scotiabank lowered their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research report on Saturday. KeyCorp reaffirmed an "overweight" rating and issued a $46.00 price target (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Morgan Stanley lifted their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC lifted their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JFrog has an average rating of "Moderate Buy" and a consensus price target of $41.44.

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.