Two Sigma Advisers LP Has $1.70 Million Position in JFrog Ltd. (NASDAQ:FROG)

Two Sigma Advisers LP raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,900 shares of the company's stock after acquiring an additional 10,000 shares during the period. Two Sigma Advisers LP owned approximately 0.06% of JFrog worth $1,703,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FROG. US Bancorp DE lifted its holdings in JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after purchasing an additional 512 shares during the period. Snowden Capital Advisors LLC lifted its stake 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 period. Jones Financial Companies Lllp boosted its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after acquiring an additional 682 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in JFrog by 0.3% during the fourth quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock worth $8,296,000 after purchasing an additional 968 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Truist Financial boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Finally, Stifel Nicolaus increased their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the sale, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares in the company, 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. In the last quarter, insiders have sold 212,548 shares of company stock valued at $7,167,041. Insiders own 14.10% of the company's stock.

JFrog Trading Down 0.4%

FROG stock traded down $0.17 during mid-day trading on Friday, hitting $42.73. The stock had a trading volume of 698,002 shares, compared to its average volume of 1,125,082. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -67.83 and a beta of 0.97. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79. The company has a fifty day moving average of $35.36 and a 200 day moving average of $34.05.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 16.16% and a negative return on equity of 6.42%. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side 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.