New York State Common Retirement Fund Has $14.32 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

New York State Common Retirement Fund lowered its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,710 shares of the company's stock after selling 80,913 shares during the quarter. New York State Common Retirement Fund owned 0.41% of JFrog worth $14,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 purchasing an additional 679,007 shares during the period. Bank of New York Mellon Corp raised its position 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 purchasing an additional 1,302,699 shares during the period. William Blair Investment Management LLC raised its position 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 purchasing an additional 102,561 shares during the period. Lord Abbett & CO. LLC raised its position 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 purchasing an additional 1,144,315 shares during the period. Finally, Fiera Capital Corp raised its position 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 purchasing an additional 38,227 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Ratings Changes

FROG has been the topic of a number of analyst reports. Scotiabank initiated coverage on JFrog in a research report on Thursday, March 7th. They set a "buy" rating on the stock. Bank Of America (Bofa) lifted their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. 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. Oppenheimer lifted their price target on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Finally, Truist Financial lifted their price target on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.46.

Insider Buying and Selling

In related news, Director Frederic Simon sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the sale, the director now owns 4,759,432 shares of the company's stock, valued at $224,978,350.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CTO Yoav Landman sold 40,000 shares of JFrog stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the transaction, the chief technology officer now owns 6,731,371 shares in the company, valued at $260,504,057.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic Simon sold 150,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 4,759,432 shares in the company, valued at $224,978,350.64. The disclosure for this sale can be found here. Insiders have sold a total of 501,355 shares of company stock valued at $22,340,017 over the last quarter. Corporate insiders own 15.70% of the company's stock.

JFrog Price Performance

Shares of NASDAQ FROG traded down $1.05 during midday trading on Tuesday, hitting $39.88. 593,268 shares of the company's stock were exchanged, compared to its average volume of 1,206,939. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81. The firm has a market cap of $4.06 billion, a P/E ratio of -66.72 and a beta of 0.99. The stock's 50 day moving average price is $42.14 and its 200-day moving average price is $34.60.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate 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 analysts' expectations of $93.07 million. On average, analysts expect that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

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.