Olympiad Research LP Purchases New Position in JFrog Ltd. (NASDAQ:FROG)

Olympiad Research LP bought a new stake in shares of JFrog Ltd. (NASDAQ:FROG) in the third quarter, HoldingsChannel reports. The institutional investor bought 7,870 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the third quarter valued at $29,000. Advisors Asset Management Inc. increased its position in JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the period. SG Americas Securities LLC bought a new stake in shares of JFrog in the 2nd quarter valued at about $187,000. Sanctuary Advisors LLC purchased a new stake in shares of JFrog in the 2nd quarter worth approximately $188,000. Finally, US Bancorp DE boosted its stake in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after purchasing an additional 798 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on FROG. TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group dropped their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Morgan Stanley lowered their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Barclays cut their price objective on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Three equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.83.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the sale, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,031 shares of company stock worth $3,618,247 over the last quarter. Insiders own 15.70% of the company’s stock.

JFrog Price Performance

Shares of FROG stock opened at $31.10 on Friday. The business has a fifty day moving average of $29.07 and a 200 day moving average of $32.44. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -67.80 and a beta of 0.93.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, equities research analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current year.

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.