Summit Trail Advisors LLC Boosts Holdings in JFrog Ltd. (NASDAQ:FROG)

Summit Trail Advisors LLC boosted its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 72.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,873 shares of the company's stock after purchasing an additional 40,000 shares during the period. Summit Trail Advisors LLC owned 0.08% of JFrog worth $3,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lisanti Capital Growth LLC bought a new stake in shares of JFrog during the first quarter valued at approximately $3,199,000. Oppenheimer Asset Management Inc. lifted its holdings in JFrog by 9.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the company's stock worth $526,000 after buying an additional 1,355 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in JFrog by 8.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,466 shares of the company's stock worth $623,000 after buying an additional 1,442 shares in the last quarter. Park Avenue Securities LLC boosted its position in JFrog by 25.9% in the 1st quarter. Park Avenue Securities LLC now owns 8,750 shares of the company's stock valued at $280,000 after buying an additional 1,801 shares during the last quarter. Finally, Procyon Advisors LLC increased its stake in shares of JFrog by 10.7% in the 1st quarter. Procyon Advisors LLC now owns 11,347 shares of the company's stock valued at $363,000 after buying an additional 1,097 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 54,279 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the completion of the sale, the chief executive officer directly owned 4,996,412 shares of the company's stock, valued at $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,113 shares of company stock worth $8,568,964 over the last quarter. Corporate insiders own 14.10% of the company's stock.

JFrog Stock Performance

Shares of NASDAQ:FROG traded up $0.65 during mid-day trading on Friday, reaching $42.00. 1,056,669 shares of the company's stock were exchanged, compared to its average volume of 1,120,232. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of -59.15 and a beta of 1.06. The business's fifty day moving average price is $40.93 and its 200-day moving average price is $36.02.

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, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the business earned $0.16 EPS. The company's revenue was up 22.0% compared to the same quarter last year. Analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FROG. Scotiabank reduced their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley raised their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. DA Davidson lifted their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays cut their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James Financial set a $50.00 price objective on JFrog and gave the stock an "outperform" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and an average price target of $42.06.

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.