JFrog Ltd. (NASDAQ:FROG) Stock Position Increased by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in JFrog Ltd. (NASDAQ:FROG) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,140,884 shares of the company’s stock after purchasing an additional 124,420 shares during the quarter. Wasatch Advisors LP owned about 2.10% of JFrog worth $62,171,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FROG. Advisors Asset Management Inc. lifted its position in JFrog by 33.9% in 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 last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of JFrog during the 1st quarter worth about $497,000. Janus Henderson Group PLC raised its position in shares of JFrog by 31.1% during the 1st quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock worth $1,892,000 after buying an additional 10,142 shares in the last quarter. California State Teachers Retirement System raised its position in shares of JFrog by 9.0% during the 1st quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock worth $3,342,000 after buying an additional 6,272 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of JFrog by 56.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,194 shares of the company’s stock worth $646,000 after buying an additional 6,237 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FROG has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Bank of America dropped their price target on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group boosted their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. Finally, Robert W. Baird lifted their price objective on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Price Performance

FROG stock opened at $31.15 on Friday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The company’s 50 day simple moving average is $30.08 and its 200-day simple moving average is $31.53. The firm has a market capitalization of $3.17 billion, a P/E ratio of -58.77 and a beta of 0.93.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 20,606 shares of the company’s 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 transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,153 shares of company stock worth $5,276,489. 15.70% of the stock is currently owned by company insiders.

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.