Verdence Capital Advisors LLC Buys New Holdings in JFrog Ltd. (NASDAQ:FROG)

Verdence Capital Advisors LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,869 shares of the company's stock, valued at approximately $284,000.

A number of other large investors have also recently modified their holdings of the business. Swiss National Bank raised its position in JFrog by 2.6% during the fourth quarter. Swiss National Bank now owns 184,600 shares of the company's stock valued at $5,429,000 after purchasing an additional 4,700 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of JFrog in the 4th quarter worth approximately $675,000. Sei Investments Co. boosted its stake in shares of JFrog by 9.2% in the 4th quarter. Sei Investments Co. now owns 60,485 shares of the company's stock valued at $1,779,000 after purchasing an additional 5,105 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in JFrog in the 4th quarter worth $571,000. Finally, Fox Run Management L.L.C. bought a new stake in JFrog in the fourth quarter worth $600,000. Institutional investors own 85.02% of the company's stock.

JFrog Stock Down 0.8%

NASDAQ:FROG traded down $0.35 during mid-day trading on Thursday, hitting $41.62. 621,313 shares of the company traded hands, compared to its average volume of 842,341. The stock's fifty day moving average price is $42.18 and its 200-day moving average price is $37.08. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -58.62 and a beta of 1.06. JFrog Ltd. has a one year low of $22.91 and a one year high of $45.10.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FROG shares. Scotiabank cut their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Raymond James Financial set a $50.00 target price on JFrog and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Morgan Stanley upped their target price on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Finally, DA Davidson upped their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Three equities research 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.25.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 54,279 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the sale, the chief executive officer directly owned 4,996,412 shares in the company, valued at $215,195,464.84. This trade represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Yoav Landman sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $43.26, for a total transaction of $2,163,000.00. Following the completion of the transaction, the chief technology officer directly owned 6,371,086 shares of the company's stock, valued at $275,613,180.36. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is currently owned by company insiders.

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.