7,536 Shares in JFrog Ltd. (NASDAQ:FROG) Bought by Asset Management One Co. Ltd. (2024)

Asset Management One Co. Ltd. bought a new position in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 7,536 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming grew its stake in shares of JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock worth $109,000 after purchasing an additional 523 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 829 shares in the last quarter. Barclays PLC grew its stake in shares of JFrog by 8.3% during the third quarter. Barclays PLC now owns 13,173 shares of the company’s stock worth $334,000 after purchasing an additional 1,012 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of JFrog by 2.9% during the third quarter. California State Teachers Retirement System now owns 42,507 shares of the company’s stock worth $940,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of JFrog by 10.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,122 shares of the company’s stock worth $333,000 after purchasing an additional 1,249 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling

In related news, CRO Tali Notman sold 6,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $42.60, for a total transaction of $255,600.00. Following the completion of the transaction, the executive now directly owns 522,348 shares of the company’s stock, valued at $22,252,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the transaction, the director now directly owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Tali Notman sold 6,000 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $42.60, for a total transaction of $255,600.00. Following the transaction, the executive now directly owns 522,348 shares of the company’s stock, valued at $22,252,024.80. The disclosure for this sale can be found here. Insiders sold 462,555 shares of company stock valued at $20,671,617 over the last ninety days. Corporate insiders own 30.60% of the company’s stock.

JFrog Stock Performance

Shares of FROG opened at $38.60 on Friday. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -64.33 and a beta of 0.99. The firm has a 50-day simple moving average of $42.20 and a 200-day simple moving average of $33.44.

JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The business had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. Equities research analysts forecast that JFrog Ltd. will post -0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FROG. Bank Of America (Bofa) boosted their target price on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Morgan Stanley upped their price objective on shares of JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. DA Davidson upped their price objective on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, Oppenheimer upped their price objective on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.46.

View Our Latest Stock Analysis on FROG

JFrog Profile

(Free Report)

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.

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