JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Atom Investors LP

Atom Investors LP increased its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 57.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,449 shares of the company’s stock after purchasing an additional 24,120 shares during the quarter. Atom Investors LP’s holdings in JFrog were worth $1,930,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares during the period. TimesSquare Capital Management LLC lifted its stake in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. North Peak Capital Management LLC acquired a new position in JFrog during the 3rd quarter worth approximately $73,417,000. Thrivent Financial for Lutherans increased its position in shares of JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after purchasing an additional 593,478 shares during the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of JFrog by 6.2% in the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after purchasing an additional 124,420 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of JFrog stock opened at $30.81 on Tuesday. The company has a market capitalization of $3.14 billion, a P/E ratio of -58.17 and a beta of 0.93. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The company’s fifty day moving average is $30.08 and its two-hundred day moving average is $31.50.

Analysts Set New Price Targets

A number of equities analysts recently commented on FROG shares. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group upped their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays cut their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Needham & Company LLC upped their price target on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.72.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 10,699 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the transaction, the executive now owns 536,714 shares of the company’s stock, valued at approximately $15,183,639.06. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 16,714 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.21, for a total value of $471,501.94. Following the sale, the chief executive officer now owns 5,010,779 shares of the company’s stock, valued at $141,354,075.59. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,085 shares of company stock worth $4,381,669. Company 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.