73,410 Shares in JFrog Ltd. (NASDAQ:FROG) Acquired by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 73,410 shares of the company's stock, valued at approximately $2,159,000. Hel Ved Capital Management Ltd owned approximately 0.07% of JFrog as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of JFrog by 13.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,848 shares of the company's stock valued at $809,000 after buying an additional 3,235 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in JFrog in the third quarter worth $6,486,000. State Street Corp increased its position in shares of JFrog by 4.3% during the third quarter. State Street Corp now owns 260,425 shares of the company's stock worth $7,563,000 after purchasing an additional 10,634 shares in the last quarter. Washington Harbour Partners LP lifted its holdings in shares of JFrog by 29.7% during the 3rd quarter. Washington Harbour Partners LP now owns 147,067 shares of the company's stock valued at $4,271,000 after purchasing an additional 33,700 shares during the last quarter. Finally, Pier Capital LLC boosted its position in shares of JFrog by 19.2% in the 3rd quarter. Pier Capital LLC now owns 295,588 shares of the company's stock worth $8,584,000 after purchasing an additional 47,687 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 4,111 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77. Following the transaction, the chief technology officer now owns 6,563,131 shares in the company, valued at approximately $236,732,135.17. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 11,942 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the completion of the transaction, the chief financial officer now owns 172,406 shares of the company's stock, 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 421,329 shares of company stock valued at $14,953,818 over the last ninety days. Corporate insiders own 15.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FROG shares. Barclays raised their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Canaccord Genuity Group lifted their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $38.00 price objective on shares of JFrog in a report on Wednesday, February 12th. Truist Financial lifted their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Needham & Company LLC boosted their target price on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

JFrog Price Performance

FROG traded down $1.30 during trading hours on Thursday, reaching $30.25. 218,607 shares of the stock traded hands, compared to its average volume of 1,150,626. The firm's fifty day simple moving average is $34.79 and its two-hundred day simple moving average is $32.25. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -48.01 and a beta of 0.98. 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 posted its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.