UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in JFrog Ltd. (NASDAQ:FROG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,552 shares of the company's stock after buying an additional 30,035 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of JFrog worth $5,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FROG. Jones Financial Companies Lllp grew its stake in JFrog by 91.1% in the 4th 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 during the last quarter. KBC Group NV lifted its holdings in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of JFrog in the fourth quarter valued at about $131,000. Tower Research Capital LLC TRC grew its position 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of JFrog in the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

NASDAQ:FROG traded down $0.43 during mid-day trading on Friday, reaching $42.75. The company's stock had a trading volume of 1,026,727 shares, compared to its average volume of 1,133,161. The stock has a market cap of $4.90 billion, a P/E ratio of -67.86 and a beta of 1.07. The company's fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $34.49. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business 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 was up 22.0% on a year-over-year basis. Sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the sale, the director now owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 159,887 shares of the company's stock, valued at approximately $7,194,915. This trade represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,818 shares of company stock valued at $3,474,896 over the last quarter. Company insiders own 14.10% of the company's stock.

Analyst Ratings Changes

FROG has been the topic of a number of recent research reports. DA Davidson upped their target price on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC raised their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays reduced their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Raymond James started coverage on JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their price objective on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $41.44.

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.