Dimensional Fund Advisors LP Purchases 53,622 Shares of JFrog Ltd. (NASDAQ:FROG)

Dimensional Fund Advisors LP lifted its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,785,401 shares of the company's stock after buying an additional 53,622 shares during the period. Dimensional Fund Advisors LP owned approximately 1.75% of JFrog worth $52,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FROG. 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 worth $71,961,000 after purchasing an additional 797,949 shares in the last quarter. Marshall Wace LLP lifted its position in JFrog by 36.1% during the fourth quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock worth $348,000 after purchasing an additional 3,138 shares during the period. Wasatch Advisors LP grew its stake in JFrog by 3.3% during the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after buying an additional 70,204 shares in the last quarter. Jump Financial LLC bought a new position in JFrog in the 4th quarter valued at about $240,000. Finally, Capital Fund Management S.A. acquired a new position in shares of JFrog in the 4th quarter valued at approximately $570,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Stock Performance

Shares of NASDAQ FROG traded down $0.43 during midday trading on Monday, hitting $34.40. 658,855 shares of the stock traded hands, compared to its average volume of 1,156,383. JFrog Ltd. has a one year low of $22.91 and a one year high of $43.00. The business has a 50 day moving average price of $32.93 and a two-hundred day moving average price of $32.63. The company has a market cap of $3.94 billion, a PE ratio of -54.60 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share 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. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James initiated coverage on shares of JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective for the company. KeyCorp restated an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Stifel Nicolaus lifted 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. Morgan Stanley dropped their target price on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial lifted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has an average rating of "Moderate Buy" and a consensus target price of $41.53.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction on Thursday, April 10th. The stock was 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 owns 6,436,901 shares in the company, valued at $196,003,635.45. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, February 11th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 347,206 shares of company stock valued at $12,213,601 in the last three months. 14.10% of the stock is currently owned by insiders.

JFrog 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.