JFrog Ltd. (NASDAQ:FROG) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in shares of JFrog Ltd. (NASDAQ:FROG) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 876,440 shares of the company’s stock after buying an additional 69,627 shares during the quarter. William Blair Investment Management LLC’s holdings in JFrog were worth $25,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC raised its position in shares of JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after purchasing an additional 365,376 shares during the period. North Peak Capital Management LLC acquired a new stake in shares of JFrog during the 3rd quarter worth approximately $73,417,000. Wasatch Advisors LP raised its position in shares of JFrog by 6.2% during the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock worth $62,171,000 after purchasing an additional 124,420 shares during the period. Praesidium Investment Management Company LLC raised its position in shares of JFrog by 34.7% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock worth $45,932,000 after purchasing an additional 407,492 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing an additional 159,483 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the topic of a number of research reports. Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays raised their target price on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley raised their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC raised their target price on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.06.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $33.92 on Wednesday. The stock has a fifty day moving average price of $35.35 and a two-hundred day moving average price of $31.81. The firm has a market cap of $3.46 billion, a P/E ratio of -53.84 and a beta of 0.95. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $46.65.

JFrog (NASDAQ:FROG) last issued 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 firm had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 75,635 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eduard Grabscheid sold 2,152 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares of the company’s stock, valued at approximately $3,275,895. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 439,104 shares of company stock valued at $15,514,264 in the last three months. 15.70% of the stock is currently owned by corporate insiders.

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.