Voya Investment Management LLC Purchases 303,846 Shares of JFrog Ltd. (NASDAQ:FROG)

Voya Investment Management LLC grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 37.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,124,785 shares of the company's stock after acquiring an additional 303,846 shares during the quarter. Voya Investment Management LLC owned about 1.10% of JFrog worth $33,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hood River Capital Management LLC grew its stake in shares of JFrog by 72.6% in the fourth quarter. Hood River Capital Management LLC now owns 1,213,862 shares of the company's stock valued at $35,700,000 after buying an additional 510,467 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in JFrog by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after purchasing an additional 53,622 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after purchasing an additional 797,949 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of JFrog by 36.1% in the 4th quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock worth $348,000 after acquiring an additional 3,138 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JFrog news, CTO Yoav Landman sold 15,889 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.15, for a total value of $574,387.35. Following the completion of the sale, the chief technology officer now directly owns 6,547,242 shares in the company, valued at $236,682,798.30. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yossi Sela sold 14,300 shares of the stock in a transaction dated 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 owns 306,277 shares of the company's stock, valued at $12,410,344.04. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,206 shares of company stock valued at $12,213,601 over the last three months. 14.10% of the stock is owned by insiders.

Analyst Ratings Changes

FROG has been the subject of several recent research reports. Stifel Nicolaus upped their price target 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. Truist Financial upped their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research note on Wednesday, February 12th. DA Davidson reduced their price objective on shares of JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Scotiabank reduced 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 report on Thursday, April 24th. 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.06.

JFrog Trading Up 1.0 %

NASDAQ:FROG traded up $0.34 during mid-day trading on Thursday, hitting $34.11. The company's stock had a trading volume of 219,444 shares, compared to its average volume of 1,151,127. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -54.37 and a beta of 0.98. The stock has a fifty day moving average of $33.04 and a 200-day moving average of $32.56.

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