Sphera Funds Management LTD. Has $5.60 Million Position in JFrog Ltd. (NASDAQ:FROG)

Sphera Funds Management LTD. grew its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 190,381 shares of the company's stock after acquiring an additional 70,000 shares during the period. Sphera Funds Management LTD. owned 0.19% of JFrog worth $5,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FROG. Park Avenue Securities LLC acquired a new stake in shares of JFrog in the 4th quarter valued at $204,000. SG Americas Securities LLC acquired a new stake in shares of JFrog in the 4th quarter valued at $193,000. Exchange Traded Concepts LLC lifted its stake in shares of JFrog by 10.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock valued at $2,655,000 after purchasing an additional 8,426 shares during the last quarter. KBC Group NV lifted its stake in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Washington Capital Management Inc. lifted its stake in shares of JFrog by 44.8% in the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company's stock valued at $618,000 after purchasing an additional 6,500 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Trading Down 1.0%

NASDAQ FROG traded down $0.45 on Monday, reaching $42.66. The company's stock had a trading volume of 1,072,450 shares, compared to its average volume of 1,139,895. The firm has a market cap of $4.89 billion, a PE ratio of -67.71 and a beta of 0.97. The business has a 50-day moving average price of $33.58 and a 200 day moving average price of $33.27. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.79.

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

Analysts Set New Price Targets

FROG has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank cut their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, DA Davidson boosted their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog has a consensus rating of "Moderate Buy" and an average target price of $41.65.

Insider Activity at JFrog

In other JFrog news, Director Yossi Sela sold 14,300 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the sale, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the sale, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,848 shares of company stock valued at $7,746,477 over the last quarter. 14.10% of the stock is owned by company insiders.

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.