Silvercrest Asset Management Group LLC Grows Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Silvercrest Asset Management Group LLC raised its stake in JFrog Ltd. (NASDAQ:FROG) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,252 shares of the company’s stock after acquiring an additional 76,228 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.38% of JFrog worth $11,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FROG. Norges Bank bought a new stake in JFrog in the 4th quarter valued at $32,878,000. Raymond James Financial Inc. bought a new stake in JFrog in the 4th quarter valued at $30,554,000. Champlain Investment Partners LLC increased its holdings in JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Bamco Inc. NY bought a new stake in JFrog in the 4th quarter valued at $21,322,000. Finally, Daventry Group LP increased its holdings in JFrog by 103.0% in the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company’s stock valued at $41,283,000 after acquiring an additional 712,373 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Down 0.1%

Shares of JFrog stock opened at $43.11 on Friday. The stock’s fifty day moving average is $33.58 and its two-hundred day moving average is $33.24. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.79. The company has a market capitalization of $4.94 billion, a PE ratio of -68.43 and a beta of 0.97.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 20,000 shares of JFrog stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the sale, the director now owns 4,354,432 shares of the company’s stock, valued at approximately $124,798,021.12. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the sale, the chief executive officer now directly owns 4,929,755 shares of the company’s stock, valued at $148,089,840.20. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,848 shares of company stock valued at $7,746,477. 14.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on FROG. Scotiabank reduced their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. DA Davidson lifted their price target on shares of JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Canaccord Genuity Group boosted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Raymond James began coverage on shares of JFrog in a report on Friday, April 11th. They issued an “outperform” rating and a $40.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.65.

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.