JFrog Ltd. (NASDAQ:FROG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,552 shares of the company's stock after buying an additional 30,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of JFrog worth $5,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FROG. Woodline Partners LP grew its position in JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company's stock worth $12,895,000 after acquiring an additional 407,415 shares during the last quarter. Sphera Management Technology Funds Ltd bought a new position in shares of JFrog in the fourth quarter worth approximately $2,455,000. Squarepoint Ops LLC increased its stake in shares of JFrog by 20.3% in the fourth quarter. Squarepoint Ops LLC now owns 89,166 shares of the company's stock worth $2,622,000 after buying an additional 15,063 shares during the period. Two Sigma Advisers LP raised its holdings in JFrog by 20.9% during the 4th quarter. Two Sigma Advisers LP now owns 57,900 shares of the company's stock valued at $1,703,000 after buying an additional 10,000 shares during the last quarter. Finally, State of Wyoming purchased a new stake in JFrog during the 4th quarter valued at $240,000. Institutional investors own 85.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FROG. DA Davidson boosted their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Truist Financial upped their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, KeyCorp reissued an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus target price of $41.44.

JFrog Trading Up 0.8%

Shares of FROG stock traded up $0.35 on Thursday, reaching $43.19. The company's stock had a trading volume of 1,065,468 shares, compared to its average volume of 1,132,631. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -68.50 and a beta of 1.07. The stock's fifty day simple moving average is $36.02 and its 200-day simple moving average is $34.31. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Equities research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In other JFrog news, Director Frederic Simon sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total value of $573,200.00. Following the sale, the director now owns 4,354,432 shares of the company's stock, valued at $124,798,021.12. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 34,724 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $34.28, for a total value of $1,190,338.72. Following the completion of the sale, the chief executive officer now owns 4,947,530 shares in the company, valued at approximately $169,601,328.40. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,499 shares of company stock valued at $4,078,300 in the last quarter. 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.