5,600 Shares of JFrog Ltd. $FROG Bought by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC acquired a new stake in JFrog Ltd. (NASDAQ:FROG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,600 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new position in JFrog in the third quarter valued at about $3,000,000. Knights of Columbus Asset Advisors LLC raised its position in JFrog by 22.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 27,865 shares of the company’s stock valued at $2,704,000 after purchasing an additional 5,088 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in JFrog by 348.1% during the third quarter. Kornitzer Capital Management Inc. KS now owns 81,100 shares of the company’s stock worth $7,870,000 after purchasing an additional 63,000 shares during the last quarter. CenterBook Partners LP lifted its stake in JFrog by 350.2% during the third quarter. CenterBook Partners LP now owns 18,599 shares of the company’s stock worth $1,805,000 after purchasing an additional 14,468 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in shares of JFrog by 23.8% in the 3rd quarter. Calamos Advisors LLC now owns 55,469 shares of the company’s stock valued at $5,383,000 after purchasing an additional 10,658 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Up 1.0%

NASDAQ FROG opened at $110.60 on Friday. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $113.23. The company has a market cap of $13.78 billion, a price-to-earnings ratio of -614.44 and a beta of 1.31. The business’s fifty day moving average is $94.41 and its 200 day moving average is $73.60.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. JFrog had a negative return on equity of 1.55% and a negative net margin of 3.29%. The business had revenue of $179.17 million for the quarter, compared to analyst estimates of $165.92 million. During the same quarter in the previous year, the company posted $0.22 EPS. JFrog’s quarterly revenue was up 30.9% compared to the same quarter last year. On average, research analysts anticipate that JFrog Ltd. will post -0.09 earnings per share for the current fiscal year.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 18,794 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $86.98, for a total transaction of $1,634,702.12. Following the sale, the executive directly owned 668,678 shares in the company, valued at approximately $58,161,612.44. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total value of $11,668,800.00. Following the completion of the transaction, the director directly owned 2,744,328 shares of the company’s stock, valued at $266,858,454.72. This represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 735,453 shares of company stock valued at $70,307,366. Corporate insiders own 11.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group set a $115.00 price target on JFrog in a research note on Friday, October 23rd. KeyCorp upped their price objective on JFrog from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. BTIG Research reaffirmed a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research note on Friday, September 4th. Raymond James Financial set a $120.00 target price on JFrog in a research report on Friday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of JFrog in a research report on Thursday, September 3rd. Twenty equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.10.

JFrog Profile

JFrog Ltd. develops software delivery and supply-chain tools for organizations building and deploying applications. Its platform helps teams manage software packages and other binary artifacts throughout the development lifecycle, from creation and testing to distribution and deployment. Its products include JFrog Artifactory, a repository manager for storing and managing software artifacts, and JFrog Xray, which scans software components for security vulnerabilities and policy issues. The broader platform also offers tools for continuous integration and delivery, software distribution, and software supply-chain security, and can be deployed in cloud, on-premises, or hybrid environments.