JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,047 shares of the company's stock after acquiring an additional 70,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.45% of JFrog worth $15,715,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in JFrog during the 1st quarter valued at about $25,000. Fred Alger Management LLC acquired a new position in shares of JFrog during the third quarter worth approximately $35,000. Advisors Asset Management Inc. grew its holdings in JFrog by 148.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock worth $35,000 after buying an additional 829 shares in the last quarter. US Bancorp DE increased its position in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company's stock valued at $60,000 after acquiring an additional 2,119 shares during the period. Finally, Quarry LP bought a new stake in JFrog during the 1st quarter valued at $64,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $34.33, for a total value of $1,201,550.00. Following the transaction, the director now owns 4,909,432 shares in the company, valued at $168,540,800.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the completion of the sale, the director now owns 4,909,432 shares of the company's stock, valued at approximately $168,540,800.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 110,000 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the completion of the sale, the chief technology officer now owns 6,811,371 shares of the company's stock, valued at $322,041,620.88. The disclosure for this sale can be found here. Insiders have sold 502,555 shares of company stock worth $22,219,617 over the last 90 days. 30.60% of the stock is currently owned by corporate insiders.

JFrog Stock Up 1.4 %

Shares of FROG traded up $0.54 during trading hours on Wednesday, reaching $38.03. The company's stock had a trading volume of 978,116 shares, compared to its average volume of 1,254,888. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -63.73 and a beta of 0.99. The company has a 50 day moving average of $42.29 and a two-hundred day moving average of $33.66. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting 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 net margin of 17.51% and a negative return on equity of 6.01%. As a group, analysts forecast that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FROG has been the subject of several recent analyst reports. KeyCorp began coverage on JFrog in a research note on Tuesday, March 19th. They issued an "overweight" rating and a $52.00 price target for the company. Scotiabank began coverage on shares of JFrog in a research report on Thursday, March 7th. They set a "buy" rating on the stock. Morgan Stanley increased their price objective on shares of JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Truist Financial boosted their target price on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, TheStreet raised JFrog from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.46.

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.