1,038,900 Shares in JFrog Ltd. (NASDAQ:FROG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,038,900 shares of the company’s stock, valued at approximately $30,554,000.

Several other large investors have also bought and sold shares of FROG. Vanguard Group Inc. grew its holdings in shares of JFrog by 4.1% during the fourth 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 last quarter. TimesSquare Capital Management LLC lifted its position in JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after acquiring an additional 365,376 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in JFrog by 5.3% during the 4th 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. Principal Financial Group Inc. increased its holdings 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 worth $43,249,000 after purchasing an additional 32,557 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of JFrog by 0.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,124,663 shares of the company’s stock worth $33,076,000 after purchasing an additional 8,915 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FROG shares. Canaccord Genuity Group increased their price objective on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Truist Financial lifted 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. Stifel Nicolaus boosted their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Raymond James started coverage on shares of JFrog in a research report on Friday, April 11th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, DA Davidson decreased their target price on shares of JFrog from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.71.

Insider Activity

In other JFrog news, CRO Tali Notman sold 75,635 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the sale, the executive now directly owns 582,394 shares of the company’s stock, valued at $20,383,790. This trade represents a 11.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the sale, the chief executive officer now owns 4,866,809 shares in the company, valued at approximately $178,757,894.57. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 429,104 shares of company stock worth $15,084,429 over the last ninety days. Corporate insiders own 15.70% of the company’s stock.

JFrog Trading Down 2.3 %

JFrog stock opened at $31.08 on Friday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.00. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of -49.33 and a beta of 0.98. The firm has a 50 day moving average of $34.22 and a 200 day moving average of $32.32.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS 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 for the quarter, compared to the consensus estimate of $114.16 million. On average, analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

About JFrog

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.