Susquehanna Fundamental Investments LLC Acquires Shares of 48,865 JFrog Ltd. (NASDAQ:FROG)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 48,865 shares of the company's stock, valued at approximately $1,437,000.

Several other hedge funds have also added to or reduced their stakes in the stock. US Bancorp DE increased its position in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after acquiring an additional 512 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of JFrog by 91.1% in the fourth 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. Arizona State Retirement System raised its holdings in JFrog by 2.6% during the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after acquiring an additional 682 shares during the period. Blair William & Co. IL lifted its holdings in JFrog by 0.3% in the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock worth $8,296,000 after purchasing an additional 968 shares in the last quarter. Finally, KBC Group NV grew its holdings in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on FROG. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price target on shares of JFrog in a report on Monday. DA Davidson decreased their price target on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp reiterated an "overweight" rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Barclays raised their price target on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Scotiabank decreased their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.53.

Insider Transactions at JFrog

In other news, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the transaction, the chief executive officer now directly owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 331,317 shares of company stock worth $11,639,213 in the last 90 days. Insiders own 14.10% of the company's stock.

JFrog Price Performance

FROG stock traded down $0.46 during trading on Tuesday, hitting $33.94. The stock had a trading volume of 327,219 shares, compared to its average volume of 1,153,728. The company's 50-day moving average price is $32.87 and its two-hundred day moving average price is $32.65. 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 $3.89 billion, a P/E ratio of -53.42 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.