JFrog Ltd. (NASDAQ:FROG) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in JFrog Ltd. (NASDAQ:FROG) by 44.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,065 shares of the company’s stock after buying an additional 88,603 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.25% of JFrog worth $9,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of JFrog by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company’s stock worth $46,741,000 after purchasing an additional 80,432 shares in the last quarter. Vanguard Group Inc. boosted its position in JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after buying an additional 349,532 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of JFrog during the fourth quarter worth about $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock valued at $5,457,000 after purchasing an additional 30,035 shares during the period. Finally, IVC Wealth Advisors LLC bought a new position in JFrog during the 1st quarter valued at $220,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FROG shares. DA Davidson raised their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Scotiabank cut their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Barclays cut their target price on shares of JFrog from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.06.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $40.96 on Friday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10. The company has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $36.67. The company has a market capitalization of $4.69 billion, a P/E ratio of -57.69 and a beta of 1.06.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The company had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. As a group, equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Yoav Landman sold 8,734 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $42.39, for a total transaction of $370,234.26. Following the completion of the sale, the chief technology officer directly owned 6,321,086 shares of the company’s stock, valued at approximately $267,950,835.54. The trade was a 0.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,338 shares of company stock valued at $11,050,150. Company insiders own 14.10% of the company’s stock.

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.