10,500 Shares in JFrog Ltd. (NASDAQ:FROG) Acquired by One68 Global Capital LLC

One68 Global Capital LLC acquired a new position in shares of JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,500 shares of the company’s stock, valued at approximately $309,000.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares during the period. KBC Group NV lifted its position in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after buying an additional 1,105 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of JFrog during the 4th quarter valued at $131,000. Tower Research Capital LLC TRC grew its holdings in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of JFrog during the 4th quarter valued at $193,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,206 shares of company stock worth $12,213,601 in the last three months. 14.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Truist Financial raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC boosted their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley cut their price target on shares of JFrog from $44.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

JFrog Stock Up 0.9 %

Shares of NASDAQ:FROG opened at $33.28 on Wednesday. The business’s 50 day moving average is $33.13 and its 200 day moving average is $32.55. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.00. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -52.83 and a beta of 0.98.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. As a group, equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

JFrog Profile

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.