JFrog Ltd. (NASDAQ:FROG) is Flight Deck Capital LP's 9th Largest Position

Flight Deck Capital LP reduced its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,953 shares of the company's stock after selling 51,500 shares during the quarter. JFrog makes up 6.8% of Flight Deck Capital LP's investment portfolio, making the stock its 9th largest position. Flight Deck Capital LP owned approximately 0.20% of JFrog worth $6,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in JFrog in the 4th quarter worth about $32,878,000. Raymond James Financial Inc. purchased a new position in JFrog during the fourth quarter worth approximately $30,554,000. Champlain Investment Partners LLC boosted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after purchasing an additional 797,949 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of JFrog during the 4th quarter valued at $21,322,000. Finally, Daventry Group LP increased its holdings in shares of JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock worth $41,283,000 after buying an additional 712,373 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the sale, the chief executive officer now directly owns 4,929,755 shares of the company's stock, valued at $148,089,840.20. The trade was a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was 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 of the company's stock, valued at approximately $196,003,635.45. This trade represents a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 263,442 shares of company stock valued at $9,182,588 over the last ninety days. Insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

FROG has been the topic of several research reports. 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. Canaccord Genuity Group increased their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday. Stifel Nicolaus raised their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Needham & Company LLC boosted their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three equities research 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.65.

JFrog Stock Up 4.3%

FROG stock traded up $1.75 during midday trading on Tuesday, reaching $42.18. The company had a trading volume of 3,112,975 shares, compared to its average volume of 1,142,073. The stock has a 50 day moving average price of $32.89 and a 200 day moving average price of $32.89. The firm has a market capitalization of $4.83 billion, a PE ratio of -66.95 and a beta of 0.97. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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 business had revenue of $122.41 million for 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 company's revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. Research analysts predict that JFrog Ltd. will post -0.33 EPS for the current 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.