JFrog Ltd. (NASDAQ:FROG) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,124,785 shares of the company’s stock after purchasing an additional 303,846 shares during the period. Voya Investment Management LLC’s holdings in JFrog were worth $33,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FROG. Norges Bank purchased a new position in JFrog during the 4th quarter worth $32,878,000. Raymond James Financial Inc. purchased a new stake in shares of JFrog during the fourth quarter worth about $30,554,000. Champlain Investment Partners LLC grew its stake in shares of JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock worth $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of JFrog by 72.6% in the 4th quarter. Hood River Capital Management LLC now owns 1,213,862 shares of the company’s stock valued at $35,700,000 after purchasing an additional 510,467 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

FROG opened at $33.95 on Friday. The company has a fifty day moving average of $33.39 and a two-hundred day moving average of $32.49. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -53.89 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. KeyCorp restated an “overweight” rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Scotiabank dropped their target price on JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.06.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total value of $533,961.00. Following the transaction, the chief executive officer now owns 4,929,755 shares in the company, valued at $148,089,840.20. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 429,104 shares of company stock valued at $15,084,429 over the last 90 days. Corporate insiders own 14.10% of the company’s stock.

JFrog Company 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.