Geode Capital Management LLC Boosts Stake in JFrog Ltd. (NASDAQ:FROG)

Geode Capital Management LLC increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,481 shares of the company's stock after buying an additional 7,839 shares during the quarter. Geode Capital Management LLC owned 0.14% of JFrog worth $4,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of 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 purchasing an additional 574 shares during the period. KBC Group NV increased its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new stake in JFrog in the 4th quarter valued at $131,000. SG Americas Securities LLC bought a new position in JFrog during the 4th quarter worth about $193,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of JFrog in the 4th quarter valued at about $204,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of NASDAQ:FROG traded up $0.10 during midday trading on Wednesday, reaching $33.38. The company's stock had a trading volume of 1,320,557 shares, compared to its average volume of 1,150,807. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -52.98 and a beta of 0.98. The firm has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $32.55. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,889 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35. Following the sale, the chief technology officer now directly owns 6,547,242 shares in the company, valued at approximately $236,682,798.30. This represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 11,942 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares in the company, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 347,206 shares of company stock valued at $12,213,601 in the last 90 days. 14.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research note on Wednesday, February 12th. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Morgan Stanley reduced their price target on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Barclays increased their target price on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.06.

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.