Schonfeld Strategic Advisors LLC Purchases 19,057 Shares of JFrog Ltd. (NASDAQ:FROG)

Schonfeld Strategic Advisors LLC increased its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 134.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,270 shares of the company's stock after acquiring an additional 19,057 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in JFrog were worth $978,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FROG. Jones Financial Companies Lllp grew its position in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares in the last quarter. KBC Group NV boosted its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department purchased a new position in shares of JFrog during the fourth quarter valued at $131,000. Tower Research Capital LLC TRC raised its position in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after buying an additional 5,297 shares during the period. Finally, SG Americas Securities LLC acquired a new position in JFrog during the fourth quarter valued at $193,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Activity

In other news, CFO Eduard Grabscheid sold 6,672 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $243,861.60. Following the transaction, the chief financial officer now owns 166,236 shares in the company, valued at approximately $6,075,925.80. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the sale, the chief executive officer now owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 263,442 shares of company stock valued at $9,182,588. 14.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FROG. KeyCorp restated an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 target price on shares of JFrog in a research report on Monday, May 5th. Finally, Raymond James began coverage on shares of JFrog in a report on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.65.

JFrog Stock Up 3.1%

FROG stock traded up $1.25 during midday trading on Tuesday, hitting $41.68. 1,334,280 shares of the company traded hands, compared to its average volume of 1,139,473. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of -66.16 and a beta of 0.97. The business has a 50 day simple moving average of $32.89 and a 200-day simple moving average of $32.89.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current 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.