Granahan Investment Management LLC Has $7.18 Million Position in JFrog Ltd. (NASDAQ:FROG)

Granahan Investment Management LLC lessened its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 244,057 shares of the company's stock after selling 76,768 shares during the quarter. Granahan Investment Management LLC owned 0.24% of JFrog worth $7,178,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of JFrog in the fourth quarter worth $32,878,000. Raymond James Financial Inc. acquired a new position in JFrog in the 4th quarter worth about $30,554,000. Champlain Investment Partners LLC raised its stake in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of JFrog during the 4th quarter valued at about $21,322,000. Finally, Daventry Group LP grew its stake in shares of JFrog by 103.0% in the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock valued at $41,283,000 after buying an additional 712,373 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Up 9.8 %

NASDAQ FROG opened at $38.71 on Friday. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -61.44 and a beta of 0.97. The stock's 50 day moving average is $32.81 and its two-hundred day moving average is $32.77.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FROG shares. Canaccord Genuity Group increased their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Raymond James assumed coverage on JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price target for the company. Morgan Stanley upped their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday. Truist Financial boosted their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.65.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 6,672 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now owns 166,236 shares of the company's stock, valued at approximately $6,075,925.80. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at $196,003,635.45. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,542 shares of company stock valued at $10,443,488. 14.10% of the stock is owned by 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.

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