Teacher Retirement System of Texas Makes New $675,000 Investment in JFrog Ltd. (NASDAQ:FROG)

Teacher Retirement System of Texas bought a new stake in JFrog Ltd. (NASDAQ:FROG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 22,953 shares of the company’s stock, valued at approximately $675,000.

Several other institutional investors also recently modified their holdings of FROG. TimesSquare Capital Management LLC boosted its position in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after purchasing an additional 365,376 shares during the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of JFrog by 34.7% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock worth $45,932,000 after purchasing an additional 407,492 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after buying an additional 159,483 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of JFrog by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company’s stock worth $43,249,000 after buying an additional 32,557 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in JFrog during the fourth quarter valued at about $30,554,000. 85.02% of the stock is owned by institutional investors.

JFrog Stock Down 1.1 %

FROG stock opened at $32.00 on Monday. The stock has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $32.14. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.94. The firm has a market capitalization of $3.26 billion, a PE ratio of -50.79 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The firm 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%. On average, equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on FROG shares. Canaccord Genuity Group lifted their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. KeyCorp reissued an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC upped their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.06.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the completion of the sale, the director now owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 34,724 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $34.28, for a total value of $1,190,338.72. Following the transaction, the chief executive officer now directly owns 4,947,530 shares of the company’s stock, valued at $169,601,328.40. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock worth $15,514,264 in the last three months. Corporate insiders own 15.70% of the company’s stock.

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.