Dana Investment Advisors Inc. purchased a new stake in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,225 shares of the company’s stock, valued at approximately $2,013,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of JFrog during the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after acquiring an additional 478 shares in the last quarter. First Horizon Corp bought a new stake in shares of JFrog during the fourth quarter valued at approximately $47,000. Aster Capital Management DIFC Ltd bought a new stake in shares of JFrog during the third quarter valued at approximately $56,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in JFrog by 1,086.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 1,152 shares during the period. Institutional investors own 85.02% of the company’s stock.
JFrog Price Performance
Shares of FROG stock opened at $66.16 on Monday. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of -124.83 and a beta of 1.02. The company’s 50 day moving average is $48.02 and its 200 day moving average is $53.58. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $72.06.
Insiders Place Their Bets
In other JFrog news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, April 10th. The shares were sold at an average price of $42.87, for a total value of $643,050.00. Following the transaction, the chief technology officer directly owned 5,828,437 shares of the company’s stock, valued at approximately $249,865,094.19. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 21,097 shares of JFrog stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $41.28, for a total transaction of $870,884.16. Following the completion of the transaction, the executive directly owned 752,598 shares in the company, valued at $31,067,245.44. This represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 320,003 shares of company stock valued at $14,194,781. 11.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
FROG has been the topic of several research reports. Stifel Nicolaus cut their price objective on shares of JFrog from $64.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Guggenheim lifted their price objective on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $80.00 price objective on shares of JFrog in a report on Friday, May 8th. Finally, Truist Financial lifted their price objective on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.74.
Check Out Our Latest Stock Report on JFrog
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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