JPMorgan Chase & Co. Has $46.74 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

JPMorgan Chase & Co. lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,589,284 shares of the company's stock after purchasing an additional 80,432 shares during the period. JPMorgan Chase & Co. owned 1.56% of JFrog worth $46,741,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV grew its holdings in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog during the fourth quarter worth $131,000. SG Americas Securities LLC acquired a new position in shares of JFrog during the fourth quarter valued at $193,000. Finally, Park Avenue Securities LLC acquired a new position in shares of JFrog during the fourth quarter valued at $204,000. Institutional investors own 85.02% of the company's stock.

Insider Activity

In other JFrog news, CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the transaction, the executive now directly owns 582,394 shares of the company's stock, valued at $20,383,790. The trade was a 11.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the transaction, the director now directly owns 306,277 shares of the company's stock, valued at $12,410,344.04. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 421,329 shares of company stock valued at $14,953,818 over the last three months. Insiders own 15.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial upped their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC increased their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. KeyCorp reissued 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. Finally, Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

JFrog Price Performance

FROG stock traded down $0.91 during mid-day trading on Thursday, reaching $30.64. The company had a trading volume of 83,991 shares, compared to its average volume of 1,150,073. The stock has a 50 day simple moving average of $34.79 and a two-hundred day simple moving average of $32.25. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -48.63 and a beta of 0.98. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly 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 net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. On average, equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

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.