JFrog Ltd. $FROG Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 22.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,865 shares of the company’s stock after purchasing an additional 5,088 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in JFrog were worth $2,704,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after purchasing an additional 3,358,422 shares during the period. Bank of America Corp DE grew its holdings in shares of JFrog by 48.2% in the 1st quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock valued at $118,165,000 after buying an additional 819,326 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of JFrog by 78.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company’s stock valued at $92,214,000 after buying an additional 861,835 shares during the period. Lazard Asset Management LLC grew its holdings in shares of JFrog by 41.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,716,050 shares of the company’s stock valued at $80,534,000 after buying an additional 506,366 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of JFrog by 25.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,539,979 shares of the company’s stock valued at $72,271,000 after buying an additional 310,068 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Up 5.8%

JFrog stock opened at $109.51 on Thursday. The stock has a market capitalization of $13.65 billion, a PE ratio of -608.39 and a beta of 1.31. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $113.23. The company has a 50 day moving average of $94.04 and a 200-day moving average of $73.34.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. JFrog had a negative net margin of 3.29% and a negative return on equity of 1.55%. The company had revenue of $179.17 million during the quarter, compared to the consensus estimate of $165.92 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 30.9% compared to the same quarter last year. Equities analysts anticipate that JFrog Ltd. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on FROG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research note on Thursday, October 15th. JPMorgan Chase & Co. lifted their target price on JFrog from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 target price on shares of JFrog in a research note on Wednesday, November 4th. Morgan Stanley set a $100.00 price target on JFrog in a report on Friday, August 7th. Finally, Barclays restated an “overweight” rating and issued a $110.00 price target on shares of JFrog in a report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.43.

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 249,300 shares of JFrog stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $100.72, for a total value of $25,109,496.00. Following the sale, the chief technology officer owned 5,199,038 shares of the company’s stock, valued at $523,647,107.36. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $93.21, for a total value of $11,185,200.00. Following the completion of the sale, the director owned 2,864,328 shares in the company, valued at approximately $266,984,012.88. This trade represents a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 735,453 shares of company stock valued at $70,307,366 in the last quarter. 11.80% of the stock is currently owned by company insiders.

JFrog Profile

JFrog Ltd. develops software delivery and supply-chain tools for organizations building and deploying applications. Its platform helps teams manage software packages and other binary artifacts throughout the development lifecycle, from creation and testing to distribution and deployment. Its products include JFrog Artifactory, a repository manager for storing and managing software artifacts, and JFrog Xray, which scans software components for security vulnerabilities and policy issues. The broader platform also offers tools for continuous integration and delivery, software distribution, and software supply-chain security, and can be deployed in cloud, on-premises, or hybrid environments.