Capital Fund Management S.A. Makes New Investment in JFrog Ltd. (NASDAQ:FROG)

Capital Fund Management S.A. acquired a new stake in JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 19,369 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FROG. JPMorgan Chase & Co. boosted its holdings in JFrog by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company’s stock valued at $46,741,000 after purchasing an additional 80,432 shares during the last quarter. abrdn plc raised its stake in shares of JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after buying an additional 30,392 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after buying an additional 349,532 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after buying an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after acquiring an additional 365,376 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays increased their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. DA Davidson decreased their price objective on shares of JFrog from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. Finally, Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.71.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 20,000 shares of the company’s stock in a transaction on 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 owns 6,436,901 shares of the company’s stock, valued at approximately $196,003,635.45. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total value of $533,961.00. Following the completion of the transaction, the chief executive officer now owns 4,929,755 shares of the company’s stock, valued at approximately $148,089,840.20. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 429,104 shares of company stock worth $15,084,429 in the last ninety days. 15.70% of the stock is owned by corporate insiders.

JFrog Trading Down 1.1 %

NASDAQ:FROG opened at $31.80 on Thursday. The company has a market cap of $3.64 billion, a P/E ratio of -50.48 and a beta of 0.98. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00. The company’s 50-day moving average price is $34.33 and its 200-day moving average price is $32.31.

JFrog (NASDAQ:FROG) last released 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 net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. On average, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current 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.