International Assets Investment Management LLC Buys New Position in JFrog Ltd. (NASDAQ:FROG)

International Assets Investment Management LLC purchased a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 86,179 shares of the company's stock, valued at approximately $2,983,000. International Assets Investment Management LLC owned approximately 0.08% of JFrog as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FROG. State of Wyoming grew its holdings in JFrog by 11.4% during the 4th quarter. State of Wyoming now owns 5,102 shares of the company's stock worth $109,000 after acquiring an additional 523 shares in the last quarter. Advisors Asset Management Inc. grew its stake in JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock worth $35,000 after purchasing an additional 829 shares in the last quarter. Barclays PLC grew its stake in JFrog by 8.3% in the third quarter. Barclays PLC now owns 13,173 shares of the company's stock worth $334,000 after purchasing an additional 1,012 shares in the last quarter. California State Teachers Retirement System increased its holdings in JFrog by 2.9% in the third quarter. California State Teachers Retirement System now owns 42,507 shares of the company's stock valued at $940,000 after buying an additional 1,200 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in JFrog by 10.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,122 shares of the company's stock valued at $333,000 after buying an additional 1,249 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Performance

FROG traded down $0.80 during trading on Friday, reaching $37.14. The company had a trading volume of 609,912 shares, compared to its average volume of 1,239,187. JFrog Ltd. has a 12-month low of $17.11 and a 12-month high of $48.81. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -63.23 and a beta of 0.99. The firm's 50-day simple moving average is $42.33 and its 200 day simple moving average is $33.72.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.07). The business 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%. On average, sell-side analysts expect that JFrog Ltd. will post -0.21 EPS for the current year.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 1,200 shares of the company's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the transaction, the chief executive officer now directly owns 4,969,129 shares of the company's stock, valued at $173,919,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ben Haim Shlomi sold 1,200 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,969,129 shares in the company, valued at $173,919,515. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders sold a total of 502,555 shares of company stock valued at $22,219,617 over the last quarter. Company insiders own 30.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FROG. DA Davidson raised their price target on shares of JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. KeyCorp initiated coverage on JFrog in a research note on Tuesday, March 19th. They issued an "overweight" rating and a $52.00 target price for the company. Cantor Fitzgerald increased their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Morgan Stanley raised their price target on JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Finally, Needham & Company LLC upped their price objective on shares of JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average price target of $43.46.

About JFrog

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.