Daventry Group LP raised its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 103.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,403,708 shares of the company's stock after purchasing an additional 712,373 shares during the period. JFrog accounts for approximately 15.8% of Daventry Group LP's portfolio, making the stock its 2nd largest position. Daventry Group LP owned 1.38% of JFrog worth $41,283,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after acquiring an additional 349,532 shares during the period. TimesSquare Capital Management LLC increased its stake in JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Champlain Investment Partners LLC increased its stake in 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 purchasing an additional 797,949 shares in the last quarter. Wasatch Advisors LP increased its stake in JFrog by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after purchasing an additional 70,204 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after purchasing an additional 53,622 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on FROG shares. Truist Financial boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their target price 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. Morgan Stanley upped their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday. DA Davidson upped their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday. Finally, KeyCorp reiterated an "overweight" rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Three 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.65.
Check Out Our Latest Analysis on FROG
Insider Activity at JFrog
In related news, Director Frederic Simon sold 35,000 shares of JFrog 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 sale, the director now owns 4,409,432 shares in the company, valued at $158,386,797.44. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the completion of the sale, the chief technology officer now owns 6,526,901 shares in the company, valued at approximately $244,301,904.43. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 298,442 shares of company stock valued at $10,439,788 over the last three months. 14.10% of the stock is owned by corporate insiders.
JFrog Trading Up 5.7%
Shares of FROG stock traded up $2.22 during trading hours on Monday, reaching $41.22. The stock had a trading volume of 1,117,749 shares, compared to its average volume of 1,135,460. The stock's fifty day simple moving average is $32.81 and its 200 day simple moving average is $32.82. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00. The firm has a market capitalization of $4.72 billion, a PE ratio of -65.44 and a beta of 0.97.
JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.
JFrog Profile
(
Free Report)
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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