Hel Ved Capital Management Ltd Takes Position in JFrog Ltd. (NASDAQ:FROG)

Hel Ved Capital Management Ltd bought a new position in shares of JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,410 shares of the company’s stock, valued at approximately $2,159,000.

Other large investors have also bought and sold shares of the company. abrdn plc increased its position in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after buying an additional 30,392 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares in the last quarter. Peregrine Capital Management LLC raised its position in shares of JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after purchasing an additional 34,900 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 12.0% in the 4th 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 in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in JFrog in the 4th quarter valued at $600,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Price Performance

Shares of FROG opened at $29.08 on Friday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.67. The stock’s fifty day moving average price is $35.36 and its two-hundred day moving average price is $32.21. The firm has a market cap of $3.33 billion, a PE ratio of -46.16 and a beta of 0.98.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (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%. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the 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 sale, the chief executive officer now owns 4,884,584 shares in the company, valued at $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the transaction, the director now owns 4,374,432 shares of the company’s stock, valued at approximately $146,455,983.36. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Barclays lifted their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Stifel Nicolaus increased their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.