Swiss National Bank Has $5.43 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Swiss National Bank lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,600 shares of the company’s stock after purchasing an additional 4,700 shares during the quarter. Swiss National Bank’s holdings in JFrog were worth $5,429,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FROG. North Peak Capital Management LLC bought a new position in JFrog in the third quarter valued at approximately $73,417,000. Massachusetts Financial Services Co. MA acquired a new position in JFrog in the 3rd quarter worth $32,401,000. Raymond James Financial Inc. bought a new position in JFrog during the 4th quarter worth about $30,554,000. Principal Financial Group Inc. raised its stake in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the period. Finally, Scopia Capital Management LP acquired a new stake in shares of JFrog in the 3rd quarter valued at about $12,920,000. Institutional investors own 85.02% of the company’s stock.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the transaction, the chief executive officer now owns 4,884,584 shares in the company, valued at $154,010,933.52. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $75,320.00. Following the sale, the chief financial officer now owns 93,597 shares of the company’s stock, valued at approximately $3,275,895. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock worth $15,514,264 over the last three months. Insiders own 15.70% of the company’s stock.

JFrog Trading Up 1.9 %

FROG opened at $34.64 on Tuesday. The stock’s fifty day simple moving average is $35.57 and its 200 day simple moving average is $31.99. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.94. The stock has a market cap of $3.53 billion, a PE ratio of -54.98 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Truist Financial boosted their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target of $41.06.

JFrog Profile

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.