Y Intercept Hong Kong Ltd Takes $325,000 Position in JFrog Ltd. (NASDAQ:FROG)

Y Intercept Hong Kong Ltd purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,148 shares of the company's stock, valued at approximately $325,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in JFrog by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after buying an additional 80,432 shares during the period. Vanguard Group Inc. increased its holdings in shares of JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after purchasing an additional 349,532 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of JFrog in the fourth quarter valued at approximately $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after purchasing an additional 30,035 shares during the period. Finally, IVC Wealth Advisors LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $220,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

FROG traded down $1.49 during trading on Friday, reaching $41.92. 865,997 shares of the stock were exchanged, compared to its average volume of 1,036,828. The business's 50 day moving average price is $42.21 and its two-hundred day moving average price is $37.48. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -59.04 and a beta of 1.06. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $45.99.

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 analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. JFrog's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. On average, analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity at JFrog

In other news, CTO Yoav Landman sold 8,734 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $42.39, for a total value of $370,234.26. Following the sale, the chief technology officer directly owned 6,321,086 shares in the company, valued at $267,950,835.54. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 15,000 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.75, for a total value of $626,250.00. Following the completion of the sale, the chief executive officer owned 4,981,412 shares in the company, valued at $207,973,951. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,338 shares of company stock valued at $11,050,150 in the last 90 days. 14.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FROG shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Raymond James Financial set a $50.00 target price on JFrog and gave the company an "outperform" rating in a report on Tuesday, July 1st. Scotiabank dropped 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. Morgan Stanley boosted 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. Finally, Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.25.

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.