Teacher Retirement System of Texas Boosts Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Teacher Retirement System of Texas lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 115.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,487 shares of the company's stock after buying an additional 26,534 shares during the period. Teacher Retirement System of Texas' holdings in JFrog were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of JFrog by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock valued at $2,379,000 after purchasing an additional 439 shares during the period. US Bancorp DE lifted its position in JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of JFrog by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after acquiring an additional 564 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of JFrog by 2.6% during the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Down 1.8%

Shares of NASDAQ:FROG opened at $39.83 on Friday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -56.10 and a beta of 1.06. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $45.10. The company's fifty day simple moving average is $41.67 and its 200 day simple moving average is $36.39.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The company's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. Research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the sale, the executive directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the sale, the director directly owned 4,239,903 shares in the company, valued at $176,846,354.13. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,338 shares of company stock worth $11,050,150. 14.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on FROG shares. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays lowered their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Morgan Stanley lifted their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Scotiabank reduced their target price on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Three 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 data from MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.06.

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.

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