NewEdge Wealth LLC Has $6.82 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

NewEdge Wealth LLC grew its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,938 shares of the company's stock after buying an additional 48,585 shares during the period. NewEdge Wealth LLC owned approximately 0.19% of JFrog worth $6,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming lifted its holdings in shares of JFrog by 11.4% during the 4th quarter. State of Wyoming now owns 5,102 shares of the company's stock valued at $109,000 after purchasing an additional 523 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of JFrog by 148.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock valued at $35,000 after purchasing an additional 829 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 1,012 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of JFrog by 2.9% during the 3rd quarter. California State Teachers Retirement System now owns 42,507 shares of the company's stock valued at $940,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of JFrog by 10.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,122 shares of the company's stock valued at $333,000 after purchasing an additional 1,249 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

JFrog Trading Down 4.2 %

Shares of NASDAQ:FROG traded down $1.68 during trading on Friday, hitting $38.60. 997,081 shares of the company were exchanged, compared to its average volume of 882,661. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -64.33 and a beta of 0.99. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81. The firm has a fifty day moving average price of $42.20 and a two-hundred day moving average price of $33.44.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FROG. Bank Of America (Bofa) lifted their price objective on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. KeyCorp assumed coverage on JFrog in a report on Tuesday, March 19th. They set an "overweight" rating and a $52.00 price objective on the stock. TheStreet upgraded JFrog from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. Truist Financial boosted their target price on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Finally, Oppenheimer boosted their target price on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.46.

Insiders Place Their Bets

In related news, CRO Tali Notman sold 6,000 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $42.60, for a total transaction of $255,600.00. Following the transaction, the executive now directly owns 522,348 shares of the company's stock, valued at approximately $22,252,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Tali Notman sold 6,000 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $42.60, for a total transaction of $255,600.00. Following the transaction, the executive now directly owns 522,348 shares of the company's stock, valued at approximately $22,252,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 605 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total value of $26,553.45. Following the transaction, the chief financial officer now directly owns 85,565 shares in the company, valued at $3,755,447.85. The disclosure for this sale can be found here. Insiders have sold 462,555 shares of company stock valued at $20,671,617 in the last 90 days. 30.60% of the stock is currently owned by insiders.

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.