State of Wyoming Makes New $240,000 Investment in JFrog Ltd. (NASDAQ:FROG)

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

A number of other hedge funds have also added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in shares of JFrog during the 4th quarter valued at about $204,000. SG Americas Securities LLC bought a new stake in JFrog during the fourth quarter valued at approximately $193,000. Exchange Traded Concepts LLC increased its holdings in JFrog by 10.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock valued at $2,655,000 after buying an additional 8,426 shares during the last quarter. KBC Group NV raised its position in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the period. Finally, Washington Capital Management Inc. raised its position in JFrog by 44.8% in the fourth quarter. Washington Capital Management Inc. now owns 21,000 shares of the company's stock worth $618,000 after acquiring an additional 6,500 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FROG shares. Raymond James began coverage on shares of JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective for the company. Needham & Company LLC upped their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays decreased 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 upped their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research note on Monday, May 5th. Three investment 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 stock. According to MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

Insider Buying and Selling at JFrog

In other news, CFO Eduard Grabscheid sold 6,672 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the sale, the chief financial officer now owns 166,236 shares of the company's stock, valued at approximately $6,075,925.80. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at $196,003,635.45. This trade represents a 0.31% decrease in their position. 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 ninety days. Company insiders own 14.10% of the company's stock.

JFrog Stock Down 0.9%

JFrog stock traded down $0.40 during midday trading on Wednesday, reaching $42.70. 458,164 shares of the stock traded hands, compared to its average volume of 1,131,760. The stock has a market cap of $4.89 billion, a P/E ratio of -67.77 and a beta of 0.97. The stock's fifty day moving average is $34.86 and its 200-day moving average is $33.83. JFrog Ltd. has a 12 month low of $22.91 and a 12 month 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. 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 the consensus estimate of $117.44 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. JFrog's revenue was up 22.0% on a year-over-year basis. On average, equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

JFrog Company 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.