Cercano Management LLC Has $40.11 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Cercano Management LLC increased its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,158,866 shares of the company's stock after acquiring an additional 41,901 shares during the period. JFrog makes up about 1.3% of Cercano Management LLC's holdings, making the stock its 17th largest holding. Cercano Management LLC owned about 1.14% of JFrog worth $40,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in JFrog by 10.7% in the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company's stock valued at $178,344,000 after buying an additional 679,007 shares in the last quarter. Bank of New York Mellon Corp raised its stake in JFrog by 48.8% in the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company's stock valued at $100,710,000 after buying an additional 1,302,699 shares in the last quarter. William Blair Investment Management LLC raised its stake in JFrog by 6.3% in the third quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company's stock valued at $43,965,000 after buying an additional 102,561 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in JFrog by 243.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company's stock valued at $40,963,000 after buying an additional 1,144,315 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in JFrog by 2.6% in the third quarter. Fiera Capital Corp now owns 1,522,031 shares of the company's stock valued at $38,599,000 after buying an additional 38,227 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 605 shares of JFrog 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 sale, the chief financial officer now owns 85,565 shares of the company's stock, valued at approximately $3,755,447.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other JFrog news, CFO Eduard Grabscheid sold 605 shares of JFrog 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 sale, the chief financial officer now owns 85,565 shares of the company's stock, valued at approximately $3,755,447.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the sale, the director now directly owns 4,759,432 shares in the company, valued at approximately $224,978,350.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,355 shares of company stock valued at $22,340,017. 30.60% of the stock is owned by corporate insiders.

JFrog Trading Up 3.8 %

Shares of NASDAQ FROG traded up $1.52 during midday trading on Friday, reaching $41.99. 1,228,791 shares of the company were exchanged, compared to its average volume of 789,801. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81. The stock has a fifty day simple moving average of $42.22 and a 200 day simple moving average of $34.48. The stock has a market cap of $4.28 billion, a P/E ratio of -69.98 and a beta of 0.99.

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, hitting analysts' consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. As a group, analysts forecast that JFrog Ltd. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank Of America (Bofa) lifted their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Truist Financial lifted their target price on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Scotiabank assumed coverage on JFrog in a research report on Thursday, March 7th. They set a "buy" rating on the stock. Oppenheimer lifted their target price on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Finally, DA Davidson lifted their target price 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 issued a buy rating to the company. Based on data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and an average price target of $43.46.

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.