JFrog Ltd. (NASDAQ:FROG) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in JFrog Ltd. (NASDAQ:FROG) by 11.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,508,852 shares of the company’s stock after buying an additional 159,483 shares during the quarter. JPMorgan Chase & Co.’s holdings in JFrog were worth $43,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the 3rd quarter worth about $29,000. West Tower Group LLC acquired a new stake in shares of JFrog in the third quarter valued at approximately $116,000. Sanctuary Advisors LLC bought a new stake in shares of JFrog during the second quarter valued at approximately $188,000. US Bancorp DE boosted its position in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at $149,256,870. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the sale, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,921 shares of company stock valued at $7,927,309 over the last three months. Insiders own 15.70% of the company’s stock.

JFrog Stock Down 0.4 %

FROG opened at $30.59 on Monday. The firm has a market cap of $3.12 billion, a PE ratio of -57.72 and a beta of 0.94. The business has a fifty day simple moving average of $30.67 and a 200-day simple moving average of $31.08. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Wall Street Analyst Weigh In

FROG has been the topic of several recent analyst reports. KeyCorp lifted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. UBS Group lifted their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen upped their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Needham & Company LLC raised their target price on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.72.

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.