International Assets Investment Management LLC Takes Position in JFrog Ltd. (NASDAQ:FROG)

International Assets Investment Management LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 86,179 shares of the company’s stock, valued at approximately $2,983,000. International Assets Investment Management LLC owned approximately 0.08% of JFrog as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of JFrog in the 1st quarter valued at about $25,000. Fred Alger Management LLC purchased a new position in shares of JFrog in the 3rd quarter valued at about $35,000. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 148.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 829 shares in the last quarter. US Bancorp DE increased its holdings in shares of JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Quarry LP purchased a new position in JFrog during the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FROG. Oppenheimer raised their target price on shares of JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. KeyCorp began coverage on shares of JFrog in a report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 target price for the company. Scotiabank began coverage on shares of JFrog in a report on Thursday, March 7th. They set a “buy” rating for the company. Truist Financial raised their target price on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, Cantor Fitzgerald raised their target price on shares of JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and a consensus target price of $43.46.

Insider Activity

In related news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the completion of the sale, the director now owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JFrog news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the sale, the director now directly owns 4,909,432 shares in the company, valued at $168,540,800.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 1,200 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total value of $42,000.00. Following the sale, the chief executive officer now owns 4,969,129 shares in the company, valued at approximately $173,919,515. The disclosure for this sale can be found here. Over the last quarter, insiders sold 502,555 shares of company stock valued at $22,219,617. 30.60% of the stock is currently owned by company insiders.

JFrog Stock Down 0.2 %

FROG opened at $37.94 on Friday. The firm’s 50 day moving average is $42.33 and its 200-day moving average is $33.72. The firm has a market capitalization of $3.87 billion, a P/E ratio of -63.23 and a beta of 0.99. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. Equities analysts expect that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

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.