Peregrine Capital Management LLC lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,238 shares of the company's stock after selling 62,656 shares during the quarter. Peregrine Capital Management LLC owned 0.34% of JFrog worth $12,156,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in JFrog by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company's stock valued at $178,344,000 after purchasing an additional 679,007 shares in the last quarter. Insight Holdings Group LLC grew its stake in shares of JFrog by 3.5% in the 1st quarter. Insight Holdings Group LLC now owns 5,022,177 shares of the company's stock worth $98,937,000 after acquiring an additional 168,242 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company's stock worth $100,710,000 after acquiring an additional 1,302,699 shares in the last quarter. Praesidium Investment Management Company LLC grew its stake in shares of JFrog by 10.2% in the 2nd quarter. Praesidium Investment Management Company LLC now owns 2,067,828 shares of the company's stock worth $57,279,000 after acquiring an additional 192,050 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of JFrog by 10.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,735,356 shares of the company's stock worth $37,015,000 after acquiring an additional 167,136 shares in the last quarter. Institutional investors own 85.02% of the company's stock.
JFrog Stock Performance
NASDAQ FROG traded down $0.90 during trading on Tuesday, hitting $42.12. 882,741 shares of the company's stock traded hands, compared to its average volume of 1,282,773. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -70.20 and a beta of 0.99. JFrog Ltd. has a 12-month low of $17.11 and a 12-month high of $48.81. The business has a 50 day moving average of $41.64 and a 200-day moving average of $33.08.
JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. On average, analysts expect that JFrog Ltd. will post -0.21 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently issued reports on FROG. Morgan Stanley upped their target price on shares of JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Oppenheimer upped their target price on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. DA Davidson boosted their price target on shares of JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Truist Financial boosted their price target on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, Bank Of America (Bofa) boosted their price target on shares of JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.46.
View Our Latest Stock Report on JFrog
Insider Activity
In other news, CEO Ben Haim Shlomi sold 1,200 shares of the company's 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 sale, the chief executive officer now directly owns 4,969,129 shares in the company, valued at $173,919,515. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ben Haim Shlomi sold 1,200 shares of the company's 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 sale, the chief executive officer now directly owns 4,969,129 shares in the company, valued at $173,919,515. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eduard Grabscheid sold 605 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $26,553.45. Following the sale, the chief financial officer now owns 85,565 shares in the company, valued at $3,755,447.85. The disclosure for this sale can be found here. Insiders have sold a total of 472,555 shares of company stock worth $21,001,917 over the last ninety days. Company insiders own 30.60% of the company's stock.
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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