Meitav Investment House Ltd. Grows Stake in JFrog Ltd. (NASDAQ:FROG)

Meitav Investment House Ltd. raised its stake in JFrog Ltd. (NASDAQ:FROG) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 882,005 shares of the company’s stock after acquiring an additional 5,377 shares during the period. Meitav Investment House Ltd. owned approximately 0.87% of JFrog worth $25,589,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Roubaix Capital LLC grew its stake in shares of JFrog by 2.4% in the third quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock worth $2,597,000 after acquiring an additional 2,111 shares during the last quarter. abrdn plc grew its stake in shares of JFrog by 9.4% in the third quarter. abrdn plc now owns 741,810 shares of the company’s stock worth $21,483,000 after acquiring an additional 63,840 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of JFrog in the third quarter worth $275,000. Assenagon Asset Management S.A. grew its stake in shares of JFrog by 54.2% in the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock worth $7,845,000 after acquiring an additional 95,004 shares during the last quarter. Finally, Washington Capital Management Inc. purchased a new stake in shares of JFrog in the third quarter worth $421,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Down 2.5 %

NASDAQ FROG opened at $29.37 on Thursday. The stock’s 50-day moving average price is $28.62 and its 200-day moving average price is $32.70. JFrog Ltd. has a 52 week low of $21.45 and a 52 week high of $48.81. The company has a market capitalization of $2.99 billion, a P/E ratio of -65.27 and a beta of 0.94.

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

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 completion of the sale, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the sale, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,031 shares of company stock valued at $4,003,447 over the last quarter. 15.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FROG shares. Truist Financial upped their price target on JFrog from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird started coverage on JFrog in a report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target on the stock. Stifel Nicolaus lowered their price target on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of JFrog in a report on Monday, September 16th. Finally, TD Cowen upped their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.61.

JFrog Company 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.