JFrog Ltd. (NASDAQ:FROG) Position Lifted by Daventry Group LP

Daventry Group LP raised its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 103.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,403,708 shares of the company's stock after buying an additional 712,373 shares during the period. JFrog comprises 15.8% of Daventry Group LP's holdings, making the stock its 2nd biggest holding. Daventry Group LP owned about 1.38% of JFrog worth $41,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FROG. Cetera Investment Advisers bought a new stake in shares of JFrog in the 4th quarter valued at about $452,000. Centiva Capital LP acquired a new stake in JFrog in the fourth quarter valued at approximately $406,000. Bamco Inc. NY acquired a new stake in JFrog in the fourth quarter valued at approximately $21,322,000. BNP Paribas Financial Markets purchased a new position in JFrog in the fourth quarter worth $212,000. Finally, Ameriprise Financial Inc. increased its position in shares of JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock worth $3,766,000 after purchasing an additional 29,372 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent analyst reports. Scotiabank lowered their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. DA Davidson lowered their price objective 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. Stifel Nicolaus upped their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC lifted their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a report on Monday. Three investment 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 data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average price target of $41.53.

JFrog Stock Up 0.1 %

NASDAQ:FROG opened at $34.45 on Wednesday. The company has a market capitalization of $3.95 billion, a PE ratio of -54.68 and a beta of 0.97. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.00. The stock has a fifty day simple moving average of $32.82 and a 200-day simple moving average of $32.67.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $116.08 million for the quarter, compared to analysts' expectations of $114.16 million. As a group, equities analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the transaction, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 41,829 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the transaction, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 331,317 shares of company stock worth $11,639,213 in the last ninety days. Insiders own 14.10% of the company's stock.

JFrog Company 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.

Want to see what other hedge funds are holding FROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JFrog Ltd. (NASDAQ:FROG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.