Hood River Capital Management LLC Buys 510,467 Shares of JFrog Ltd. (NASDAQ:FROG)

Hood River Capital Management LLC raised its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 72.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,213,862 shares of the company's stock after purchasing an additional 510,467 shares during the quarter. Hood River Capital Management LLC owned 1.19% of JFrog worth $35,700,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of JFrog in the fourth quarter worth approximately $32,878,000. Raymond James Financial Inc. acquired a new stake in shares of JFrog during the 4th quarter valued at $30,554,000. Champlain Investment Partners LLC grew its holdings 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 valued at $71,961,000 after acquiring an additional 797,949 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after acquiring an additional 365,376 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $1.28 during trading on Monday, hitting $32.67. 312,217 shares of the stock were exchanged, compared to its average volume of 1,143,144. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The company's fifty day simple moving average is $33.39 and its 200-day simple moving average is $32.53. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of -51.75 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last posted 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 return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. On average, research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Scotiabank dropped their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday. DA Davidson reduced their target price on shares of JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James initiated coverage on shares of JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Finally, KeyCorp reiterated an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, JFrog has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total value of $1,257,200.00. Following the transaction, the director now directly owns 4,409,432 shares in the company, valued at $158,386,797.44. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,317 shares of company stock valued at $12,361,884 over the last quarter. Corporate insiders own 14.10% of the company's stock.

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.