Asset Management One Co. Ltd. Purchases New Position in JFrog Ltd. (NASDAQ:FROG) (2024)

Asset Management One Co. Ltd. purchased a new stake in JFrog Ltd. (NASDAQ:FROG – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,536 shares of the company’s stock, valued at approximately $263,000.

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

JFrog Price Performance

Shares of FROG opened at $38.60 on Friday. The firm has a market capitalization of $3.93 billion, a PE ratio of -64.33 and a beta of 0.99. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81. The company’s fifty day moving average price is $42.20 and its 200-day moving average price is $33.44.

JFrog (NASDAQ:FROG – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. As a group, research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 1,200 shares of JFrog stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the transaction, the chief executive officer now owns 4,969,129 shares in the company, valued at approximately $173,919,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other JFrog news, CFO Eduard Grabscheid sold 605 shares of JFrog stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $26,553.45. Following the completion of the transaction, the chief financial officer now owns 85,565 shares in the company, valued at approximately $3,755,447.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 1,200 shares of JFrog stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $35.00, for a total value of $42,000.00. Following the transaction, the chief executive officer now owns 4,969,129 shares of the company’s stock, valued at approximately $173,919,515. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,555 shares of company stock valued at $20,671,617. Company insiders own 30.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Truist Financial boosted their price objective on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Needham & Company LLC boosted their price objective on shares of JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. Finally, Cantor Fitzgerald boosted their price objective on shares of JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.46.

View Our Latest Analysis on FROG

About JFrog

(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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