Envestnet Asset Management Inc. Boosts Stake in JFrog Ltd. (NASDAQ:FROG) (2024)

Envestnet Asset Management Inc. lifted its stake in JFrog Ltd. (NASDAQ:FROG – Free Report) by 131.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,864 shares of the company’s stock after buying an additional 71,009 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of JFrog worth $3,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FROG. Sunbelt Securities Inc. purchased a new stake in shares of JFrog in the first quarter worth about $25,000. US Bancorp DE boosted its position in shares of JFrog by 84.9% in the second quarter. US Bancorp DE now owns 2,047 shares of the company’s stock worth $57,000 after buying an additional 940 shares during the period. Quarry LP purchased a new stake in shares of JFrog in the first quarter worth about $64,000. Tower Research Capital LLC TRC purchased a new stake in shares of JFrog in the second quarter worth about $68,000. Finally, State of Wyoming boosted its holdings in JFrog by 11.4% in the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 67,744 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $35.00, for a total value of $2,371,040.00. Following the completion of the transaction, the chief executive officer now directly owns 5,190,424 shares of the company’s stock, valued at approximately $181,664,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Tali Notman sold 7,229 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $42.15, for a total value of $304,702.35. Following the completion of the transaction, the executive now directly owns 528,348 shares of the company’s stock, valued at approximately $22,269,868.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 67,744 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $35.00, for a total value of $2,371,040.00. Following the completion of the transaction, the chief executive officer now directly owns 5,190,424 shares of the company’s stock, valued at $181,664,840. The disclosure for this sale can be found here. Insiders sold 700,688 shares of company stock valued at $28,669,034 in the last three months. 30.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FROG shares. Cantor Fitzgerald increased their price target on JFrog from $40.00 to $45.00 in a report on Thursday. Bank Of America (Bofa) increased their price target on JFrog from $36.00 to $54.00 in a report on Thursday. DA Davidson increased their price target on JFrog from $45.00 to $55.00 in a report on Thursday. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, Scotiabank initiated coverage on JFrog in a research note on Thursday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.75.

Read Our Latest Report on FROG

JFrog Trading Down 0.9 %

Shares of JFrog stock opened at $42.38 on Monday. The business’s 50 day simple moving average is $37.36 and its 200-day simple moving average is $30.74. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of -70.63 and a beta of 0.99. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $97.26 million for the quarter, compared to analysts’ expectations of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. Sell-side analysts predict that JFrog Ltd. will post -0.21 earnings per share for the current year.

About JFrog

(Free Report)

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.

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