Vanguard Group Inc. Buys 679,007 Shares of JFrog Ltd. (NASDAQ:FROG)

Vanguard Group Inc. boosted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,032,489 shares of the company's stock after buying an additional 679,007 shares during the quarter. Vanguard Group Inc. owned 6.90% of JFrog worth $178,344,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in JFrog in the 3rd quarter valued at approximately $490,000. New York State Common Retirement Fund grew its stake in shares of JFrog by 19.6% in the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company's stock valued at $12,544,000 after buying an additional 80,913 shares in the last quarter. Swiss National Bank raised its holdings in shares of JFrog by 8.8% in the 3rd quarter. Swiss National Bank now owns 156,800 shares of the company's stock valued at $3,976,000 after buying an additional 12,700 shares during the period. Janney Montgomery Scott LLC acquired a new position in JFrog during the 3rd quarter worth about $504,000. Finally, Barclays PLC boosted its holdings in JFrog by 8.3% during the 3rd quarter. Barclays PLC now owns 13,173 shares of the company's stock valued at $334,000 after acquiring an additional 1,012 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $42.59, for a total transaction of $1,490,650.00. Following the transaction, the director now owns 4,689,432 shares of the company's stock, valued at $199,722,908.88. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $42.59, for a total transaction of $1,490,650.00. Following the completion of the sale, the director now owns 4,689,432 shares in the company, valued at approximately $199,722,908.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 605 shares of JFrog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total transaction of $26,553.45. Following the completion of the transaction, the chief financial officer now owns 85,565 shares in the company, valued at $3,755,447.85. The disclosure for this sale can be found here. In the last three months, insiders sold 472,555 shares of company stock valued at $20,934,357. Insiders own 30.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank started coverage on shares of JFrog in a research note on Thursday, March 7th. They set a "buy" rating on the stock. Oppenheimer raised their price target on shares of JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Morgan Stanley increased their price objective on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) boosted their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, DA Davidson increased their price target on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.46.

JFrog Stock Up 0.2 %

JFrog stock traded up $0.09 during mid-day trading on Monday, hitting $44.31. The company had a trading volume of 1,226,130 shares, compared to its average volume of 1,337,734. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81. The business has a fifty day moving average of $40.68 and a 200 day moving average of $32.49. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of -73.85 and a beta of 0.99.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The firm had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. Equities analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current year.

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.