JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc lifted its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 542,055 shares of the company's stock after purchasing an additional 21,567 shares during the quarter. Legal & General Group Plc owned about 0.53% of JFrog worth $15,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp raised its position in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares during the period. KBC Group NV increased its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of JFrog in the 4th quarter valued at approximately $131,000. SG Americas Securities LLC acquired a new position in shares of JFrog in the 4th quarter worth approximately $193,000. Finally, Park Avenue Securities LLC purchased a new position in shares of JFrog during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

Shares of JFrog stock traded down $0.72 during trading hours on Friday, hitting $31.08. The company had a trading volume of 613,588 shares, compared to its average volume of 1,149,331. The company's 50-day moving average is $34.12 and its two-hundred day moving average is $32.34. The company has a market cap of $3.56 billion, a P/E ratio of -49.33 and a beta of 0.98. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $114.16 million. Sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity

In other JFrog news, Director Frederic Simon sold 20,000 shares of JFrog stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total value of $573,200.00. Following the transaction, the director now directly owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares of the company's stock, valued at $148,089,840.20. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 429,104 shares of company stock valued at $15,084,429 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FROG has been the topic of a number of research reports. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. DA Davidson reduced their price target on shares of JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC raised their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays upped their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.71.

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.