SkyView Investment Advisors LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,500 shares of the company’s stock, valued at approximately $500,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. IPG Investment Advisors LLC acquired a new stake in JFrog in the second quarter worth $228,000. WINTON GROUP Ltd increased its position in shares of JFrog by 37.9% in the 2nd quarter. WINTON GROUP Ltd now owns 11,800 shares of the company’s stock valued at $1,072,000 after buying an additional 3,244 shares in the last quarter. IFP Advisors Inc raised its stake in JFrog by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock worth $625,000 after buying an additional 309 shares during the period. Allworth Financial LP lifted its holdings in JFrog by 83.1% during the second quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $59,000 after acquiring an additional 294 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in JFrog by 2.9% in the second quarter. Arizona State Retirement System now owns 28,416 shares of the company’s stock valued at $2,582,000 after acquiring an additional 793 shares during the period. Institutional investors own 85.02% of the company’s stock.
JFrog Trading Up 6.7%
JFrog stock opened at $93.00 on Tuesday. The company has a market cap of $11.47 billion, a P/E ratio of -251.34 and a beta of 1.28. JFrog Ltd. has a 1-year low of $34.05 and a 1-year high of $105.76. The company has a fifty day simple moving average of $88.72 and a 200 day simple moving average of $70.48.
Insider Buying and Selling at JFrog
In related news, CEO Shlomi Ben Haim sold 45,700 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the completion of the transaction, the chief executive officer directly owned 4,449,305 shares of the company’s stock, valued at approximately $379,748,181.75. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 8,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $91.60, for a total value of $772,737.60. Following the completion of the transaction, the chief financial officer owned 192,060 shares of the company’s stock, valued at approximately $17,592,696. This represents a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,010,902 shares of company stock valued at $93,883,131 in the last ninety days. Insiders own 11.80% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research report on Friday, July 17th. Raymond James Financial set a $120.00 target price on shares of JFrog in a report on Friday, August 7th. Oppenheimer upped their price target on shares of JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $118.00 price objective on shares of JFrog in a research report on Thursday, September 3rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JFrog in a research report on Thursday, September 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $109.48.
Get Our Latest Stock Analysis on JFrog
JFrog Profile
JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.
The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.
Read More
- Five stocks we like better than JFrog
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
Want to see what other hedge funds are holding FROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JFrog Ltd. (NASDAQ:FROG – Free Report).
Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.
