Sphera Management Technology Funds Ltd Buys New Position in JFrog Ltd. (NASDAQ:FROG)

Sphera Management Technology Funds Ltd purchased a new stake in JFrog Ltd. (NASDAQ:FROG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 83,476 shares of the company’s stock, valued at approximately $2,455,000. JFrog comprises about 1.4% of Sphera Management Technology Funds Ltd’s holdings, making the stock its 14th biggest holding. Sphera Management Technology Funds Ltd owned approximately 0.08% of JFrog as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FROG. Park Avenue Securities LLC purchased a new position in shares of JFrog in the 4th quarter worth approximately $204,000. SG Americas Securities LLC bought a new stake in JFrog during the fourth quarter worth $193,000. Exchange Traded Concepts LLC boosted its position in JFrog by 10.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company’s stock worth $2,655,000 after purchasing an additional 8,426 shares during the last quarter. KBC Group NV boosted its position in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Washington Capital Management Inc. grew its stake in JFrog by 44.8% in the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock valued at $618,000 after purchasing an additional 6,500 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares of the company’s stock, valued at approximately $12,410,344.04. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 41,829 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the transaction, the chief executive officer now owns 4,982,254 shares of the company’s stock, valued at $182,101,383.70. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,848 shares of company stock worth $7,746,477. 14.10% of the stock is currently owned by insiders.

JFrog Stock Down 0.1%

Shares of FROG opened at $43.11 on Monday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.79. The stock has a market cap of $4.94 billion, a PE ratio of -68.43 and a beta of 0.97. The business’s 50-day moving average price is $33.58 and its 200-day moving average price is $33.27.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FROG. Raymond James assumed coverage on shares of JFrog in a report on Friday, April 11th. They issued an “outperform” rating and a $40.00 price target on the stock. Truist Financial boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted 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. Finally, DA Davidson increased their price objective on JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 9th. Three investment 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 stock. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $41.65.

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.