JFrog Ltd. (NASDAQ:FROG) Shares Bought by Cercano Management LLC

Cercano Management LLC boosted its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,158,866 shares of the company’s stock after acquiring an additional 41,901 shares during the period. JFrog comprises about 1.3% of Cercano Management LLC’s holdings, making the stock its 17th biggest holding. Cercano Management LLC owned 1.14% of JFrog worth $40,108,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Fred Alger Management LLC acquired a new stake in shares of JFrog in the third quarter valued at about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of JFrog in the third quarter valued at about $170,000. Cornerstone Investment Partners LLC acquired a new stake in shares of JFrog in the fourth quarter valued at about $253,000. Asset Management One Co. Ltd. acquired a new stake in shares of JFrog in the fourth quarter valued at about $263,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of JFrog in the third quarter valued at about $214,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Up 3.8 %

FROG stock traded up $1.52 during mid-day trading on Friday, hitting $41.99. 1,228,791 shares of the company were exchanged, compared to its average volume of 789,801. The firm has a market capitalization of $4.28 billion, a P/E ratio of -69.98 and a beta of 0.99. The business has a fifty day simple moving average of $42.22 and a 200-day simple moving average of $34.41. JFrog Ltd. has a 12-month low of $17.11 and a 12-month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The business had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. Research analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

Insider Activity

In related news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the transaction, the director now owns 4,759,432 shares in the company, valued at $224,978,350.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the transaction, the director now owns 4,759,432 shares in the company, valued at $224,978,350.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the sale, the chief technology officer now directly owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 501,355 shares of company stock valued at $22,340,017. 30.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FROG. Bank Of America (Bofa) increased their target price on shares of JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Morgan Stanley increased their target price on shares of JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. Needham & Company LLC raised their price objective on shares of JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. DA Davidson raised their price objective on shares of JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Finally, Scotiabank initiated coverage on shares of JFrog in a research report on Thursday, March 7th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.46.

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.