Fiera Capital Corp Buys 184,448 Shares of JFrog Ltd. (NASDAQ:FROG)

Fiera Capital Corp increased its stake in JFrog Ltd. (NASDAQ:FROG) by 12.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,694,635 shares of the company’s stock after acquiring an additional 184,448 shares during the quarter. Fiera Capital Corp owned 1.48% of JFrog worth $54,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Signaturefd LLC increased its stake in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 5,297 shares in the last quarter. IFP Advisors Inc increased its stake in JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company’s stock valued at $190,000 after purchasing an additional 548 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in JFrog during the 4th quarter valued at $212,000. Finally, IVC Wealth Advisors LLC bought a new stake in JFrog during the 1st quarter valued at $220,000. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FROG. Cantor Fitzgerald restated an “overweight” rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Scotiabank decreased their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. DA Davidson boosted their price target on shares of JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Finally, Raymond James Financial set a $50.00 target price on shares of JFrog and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.25.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the sale, the director directly owned 4,239,903 shares of the company’s stock, valued at $176,846,354.13. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 23,157 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the sale, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,338 shares of company stock worth $11,050,150 in the last ninety days. Corporate insiders own 14.10% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $42.65 on Tuesday. The company’s 50-day moving average is $42.15 and its 200 day moving average is $37.31. The company has a market capitalization of $4.89 billion, a P/E ratio of -60.07 and a beta of 1.06. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10.

JFrog (NASDAQ:FROG) last issued its quarterly 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. 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 17.52% and a negative return on equity of 7.24%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. As a group, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.