JFrog Ltd. (NASDAQ:FROG) Position Boosted by Arizona State Retirement System

Arizona State Retirement System raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG – Get Rating) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,011 shares of the company’s stock after acquiring an additional 587 shares during the quarter. Arizona State Retirement System’s holdings in JFrog were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Algert Global LLC grew its stake in JFrog by 76.4% during the 3rd quarter. Algert Global LLC now owns 110,572 shares of the company’s stock valued at $2,445,000 after acquiring an additional 47,886 shares in the last quarter. VELA Investment Management LLC lifted its holdings in shares of JFrog by 6.8% during the 4th quarter. VELA Investment Management LLC now owns 44,075 shares of the company’s stock valued at $940,000 after buying an additional 2,803 shares during the last quarter. Wrapmanager Inc. lifted its holdings in shares of JFrog by 8.5% during the 3rd quarter. Wrapmanager Inc. now owns 20,935 shares of the company’s stock valued at $463,000 after buying an additional 1,645 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of JFrog by 23.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 70,693 shares of the company’s stock valued at $1,561,000 after buying an additional 13,465 shares during the last quarter. Finally, CenterBook Partners LP lifted its holdings in shares of JFrog by 116.0% during the 3rd quarter. CenterBook Partners LP now owns 38,038 shares of the company’s stock valued at $841,000 after buying an additional 20,430 shares during the last quarter. Hedge funds and other institutional investors own 53.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FROG. Needham & Company LLC reduced their price target on JFrog from $28.00 to $25.00 in a report on Thursday, May 4th. Oppenheimer reduced their price target on JFrog from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, April 17th. JPMorgan Chase & Co. lifted their price target on JFrog from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Canaccord Genuity Group reduced their price target on JFrog from $30.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, February 9th. Finally, DA Davidson started coverage on JFrog in a report on Tuesday, May 9th. They issued a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.55.

JFrog Stock Down 1.9 %

Shares of FROG stock opened at $22.00 on Tuesday. JFrog Ltd. has a 12 month low of $16.94 and a 12 month high of $27.96. The firm has a market cap of $2.24 billion, a PE ratio of -23.91 and a beta of 0.45. The stock has a 50 day moving average of $20.18 and a 200-day moving average of $21.79.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 1,584 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $22.72, for a total transaction of $35,988.48. Following the completion of the transaction, the executive now directly owns 471,403 shares in the company, valued at $10,710,276.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CRO Tali Notman sold 1,584 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $22.72, for a total transaction of $35,988.48. Following the sale, the executive now directly owns 471,403 shares in the company, valued at $10,710,276.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $22.26, for a total value of $1,001,700.00. Following the sale, the director now owns 5,349,432 shares in the company, valued at $119,078,356.32. The disclosure for this sale can be found here. Insiders sold a total of 1,224,394 shares of company stock worth $27,329,206 over the last three months. 30.60% of the stock is currently owned by insiders.

JFrog Profile

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JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.