JFrog Ltd. (NASDAQ:FROG) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,400,276 shares of the company’s stock after acquiring an additional 365,376 shares during the quarter. JFrog accounts for about 1.5% of TimesSquare Capital Management LLC’s portfolio, making the stock its 12th largest position. TimesSquare Capital Management LLC owned 3.34% of JFrog worth $100,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC raised its holdings in JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after purchasing an additional 34,900 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of JFrog by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company’s stock valued at $43,249,000 after acquiring an additional 32,557 shares during the period. abrdn plc increased its stake in JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after buying an additional 30,392 shares during the period. Washington Capital Management Inc. increased its position 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 worth $618,000 after purchasing an additional 6,500 shares during the last quarter. Finally, KBC Group NV increased its position in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 5.6 %

NASDAQ:FROG opened at $42.03 on Wednesday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $46.65. The stock has a 50-day moving average price of $33.20 and a 200 day moving average price of $30.68.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.52% and a negative net margin of 16.16%. On average, equities research analysts anticipate that JFrog Ltd. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at JFrog

In related news, Director Yossi Sela sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the sale, the director now owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 20,443 shares of JFrog stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $625,555.80. Following the completion of the sale, the chief executive officer now directly owns 4,937,011 shares of the company’s stock, valued at $151,072,536.60. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,338 shares of company stock worth $13,710,378. 15.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

FROG has been the subject of a number of research analyst 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 note on Friday, February 14th. Scotiabank boosted their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group increased 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. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.17.

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.