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

Susquehanna Fundamental Investments LLC bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 48,865 shares of the company's stock, valued at approximately $1,437,000.

Other hedge funds have also modified their holdings of the company. US Bancorp DE grew its position in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after buying an additional 512 shares during the period. Jones Financial Companies Lllp increased its stake in shares of 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. Arizona State Retirement System grew its holdings in JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after buying an additional 682 shares during the last quarter. Blair William & Co. IL increased its position in JFrog by 0.3% during 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 lifted its holdings in 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 in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FROG. Scotiabank cut their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. KeyCorp reaffirmed an "overweight" rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Barclays lifted their target price on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC raised their price objective on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Raymond James initiated coverage on JFrog in a report on Friday, April 11th. They set an "outperform" rating and a $40.00 target price for the company. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong 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 $41.53.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the transaction, the director now owns 4,409,432 shares of the company's stock, valued at $158,386,797.44. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 347,206 shares of company stock worth $12,213,601. 14.10% of the stock is currently owned by company insiders.

JFrog Stock Performance

Shares of JFrog stock traded down $0.15 during trading on Monday, reaching $34.68. The company's stock had a trading volume of 394,200 shares, compared to its average volume of 993,562. JFrog Ltd. has a one year low of $22.91 and a one year high of $43.00. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -55.05 and a beta of 0.97. The business's fifty day moving average price is $32.93 and its 200-day moving average price is $32.63.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $114.16 million. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.