Thornburg Investment Management Inc. Buys 14,462 Shares of JFrog Ltd. (NASDAQ:FROG)

Thornburg Investment Management Inc. raised its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 139,680 shares of the company's stock after acquiring an additional 14,462 shares during the period. Thornburg Investment Management Inc. owned about 0.12% of JFrog worth $4,470,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FROG. Signaturefd LLC increased its position in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after purchasing an additional 5,297 shares during the last quarter. IFP Advisors Inc increased its position in shares of JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after purchasing an additional 548 shares during the last quarter. IVC Wealth Advisors LLC acquired a new position in shares of JFrog during the 1st quarter worth approximately $220,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of JFrog during the 4th quarter worth approximately $212,000. Institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on FROG shares. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Scotiabank decreased their target price on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Barclays reissued an "overweight" rating and set a $45.00 target price (up from $42.00) on shares of JFrog in a report on Monday, July 21st. Raymond James Financial set a $50.00 target price on JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley boosted their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.25.

JFrog Price Performance

NASDAQ FROG traded down $1.49 on Friday, reaching $41.92. The stock had a trading volume of 865,997 shares, compared to its average volume of 1,036,828. The firm has a fifty day moving average of $42.21 and a two-hundred day moving average of $37.48. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.99. The company has a market cap of $4.80 billion, a P/E ratio of -59.04 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The firm had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same period in the prior year, the firm posted $0.16 EPS. The company's revenue for the quarter was up 22.0% on a year-over-year basis. Research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 13,043 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total transaction of $586,935.00. Following the completion of the sale, the chief financial officer directly owned 159,887 shares in the company, valued at approximately $7,194,915. This represents a 7.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,338 shares of company stock worth $11,050,150. 14.10% of the stock is currently owned by company insiders.

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.