TD Asset Management Inc Has $1.86 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Key Points

• TD Asset Management Inc increased its stake in JFrog Ltd. by 13.8% during the first quarter, owning 58,254 shares valued at approximately $1.86 million.
• JFrog reported a quarterly EPS of $0.20, surpassing analysts’ estimates and achieving a 22% increase in revenue year-over-year.
• In recent analyst ratings, Raymond James set a target price of $50.00 for JFrog, indicating a positive market outlook.

TD Asset Management Inc increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 13.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,254 shares of the company's stock after purchasing an additional 7,054 shares during the period. TD Asset Management Inc owned 0.05% of JFrog worth $1,864,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares during the period. IFP Advisors Inc lifted its stake in shares of JFrog by 10.2% in the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after purchasing an additional 548 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of JFrog in the fourth quarter valued at about $212,000. Finally, IVC Wealth Advisors LLC acquired a new stake in shares of JFrog in the first quarter valued at about $220,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Buying and Selling

In other news, CFO Eduard Grabscheid sold 13,043 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total value of $586,935.00. Following the transaction, the chief financial officer owned 159,887 shares in the company, valued at $7,194,915. This represents a 7.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Tali Notman sold 23,157 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,338 shares of company stock worth $11,050,150 over the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FROG. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays reiterated an "overweight" rating and set a $45.00 price target (up from $42.00) on shares of JFrog in a report on Monday, July 21st. Raymond James Financial set a $50.00 price target on shares of JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. DA Davidson lifted their price target on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley lifted their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.94.

JFrog Price Performance

NASDAQ FROG traded down $1.08 on Tuesday, reaching $42.32. The company's stock had a trading volume of 1,092,219 shares, compared to its average volume of 864,211. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.99. The firm's 50 day moving average is $42.22 and its two-hundred day moving average is $37.69.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

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.