JFrog Ltd. $FROG Position Raised by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its holdings in JFrog Ltd. (NASDAQ:FROG) by 22.3% during the third quarter, Holdings Channel.com reports. The firm owned 27,865 shares of the company’s stock after acquiring an additional 5,088 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in JFrog were worth $2,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Trust Advisors LP lifted its position in shares of JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after purchasing an additional 3,358,422 shares in the last quarter. Congress Asset Management Co. boosted its holdings in JFrog by 14.4% during the third quarter. Congress Asset Management Co. now owns 1,420,301 shares of the company’s stock worth $137,826,000 after purchasing an additional 178,310 shares during the last quarter. Bank of America Corp DE grew its position in JFrog by 48.2% in the first quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock valued at $118,165,000 after purchasing an additional 819,326 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in JFrog by 78.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company’s stock valued at $92,214,000 after purchasing an additional 861,835 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in JFrog by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 904,403 shares of the company’s stock valued at $87,763,000 after purchasing an additional 9,520 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Up 5.8%

Shares of JFrog stock opened at $109.51 on Thursday. The stock has a market cap of $13.65 billion, a P/E ratio of -608.39 and a beta of 1.31. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $113.23. The business’s 50 day moving average is $94.04 and its 200-day moving average is $73.34.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 5th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. JFrog had a negative net margin of 3.29% and a negative return on equity of 1.55%. The business had revenue of $179.17 million during the quarter, compared to analysts’ expectations of $165.92 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was up 30.9% on a year-over-year basis. On average, sell-side analysts expect that JFrog Ltd. will post -0.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on FROG shares. KeyCorp lifted their price target on shares of JFrog from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, November 6th. Oppenheimer increased their price objective on shares of JFrog from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Wall Street Zen cut JFrog from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. UBS Group set a $115.00 price objective on JFrog in a report on Friday, October 23rd. Finally, Piper Sandler lifted their target price on JFrog from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, November 6th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.43.

Insider Activity

In other news, CEO Shlomi Ben Haim sold 15,000 shares of JFrog stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $97.52, for a total value of $1,462,800.00. Following the completion of the transaction, the chief executive officer owned 4,434,305 shares of the company’s stock, valued at $432,433,423.60. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the transaction, the director owned 2,744,328 shares in the company, valued at $266,858,454.72. This represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 735,453 shares of company stock valued at $70,307,366. 11.80% of the stock is owned by corporate insiders.

JFrog Company Profile

JFrog Ltd. develops software delivery and supply-chain tools for organizations building and deploying applications. Its platform helps teams manage software packages and other binary artifacts throughout the development lifecycle, from creation and testing to distribution and deployment. Its products include JFrog Artifactory, a repository manager for storing and managing software artifacts, and JFrog Xray, which scans software components for security vulnerabilities and policy issues. The broader platform also offers tools for continuous integration and delivery, software distribution, and software supply-chain security, and can be deployed in cloud, on-premises, or hybrid environments.