William Blair Investment Management LLC Buys 1,047,250 Shares of JFrog Ltd. (NASDAQ:FROG)

William Blair Investment Management LLC lifted its stake in JFrog Ltd. (NASDAQ:FROG) by 179.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,631,078 shares of the company’s stock after acquiring an additional 1,047,250 shares during the period. William Blair Investment Management LLC owned approximately 1.60% of JFrog worth $45,181,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FROG. Silicon Valley Capital Partners boosted its stake in JFrog by 4.8% during the first quarter. Silicon Valley Capital Partners now owns 10,958 shares of the company’s stock valued at $216,000 after buying an additional 499 shares during the period. State of Wyoming boosted its stake in JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after buying an additional 523 shares during the period. California State Teachers Retirement System boosted its stake in JFrog by 1.9% during the first quarter. California State Teachers Retirement System now owns 44,051 shares of the company’s stock valued at $868,000 after buying an additional 841 shares during the period. US Bancorp DE boosted its stake in JFrog by 84.9% during the second quarter. US Bancorp DE now owns 2,047 shares of the company’s stock valued at $57,000 after buying an additional 940 shares during the period. Finally, Wrapmanager Inc. boosted its stake in JFrog by 8.6% during the first quarter. Wrapmanager Inc. now owns 15,515 shares of the company’s stock valued at $306,000 after buying an additional 1,234 shares during the period. 57.65% of the stock is owned by institutional investors.

JFrog Trading Down 0.6 %

FROG opened at $26.89 on Tuesday. The company has a market cap of $2.74 billion, a P/E ratio of -37.56 and a beta of 0.62. The business’s 50-day moving average price is $25.00 and its 200-day moving average price is $26.04. JFrog Ltd. has a 12 month low of $17.11 and a 12 month high of $30.94.

Analysts Set New Price Targets

FROG has been the subject of several research analyst reports. Piper Sandler dropped their price objective on JFrog from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. JPMorgan Chase & Co. raised their price target on JFrog from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, July 25th. Cantor Fitzgerald raised their price target on JFrog from $27.00 to $35.00 in a research report on Thursday, August 3rd. Truist Financial raised their price target on JFrog from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $35.00 price target on shares of JFrog in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.73.

Insider Transactions at JFrog

In related news, Director Yossi Sela sold 6,257 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $29.15, for a total transaction of $182,391.55. Following the transaction, the director now owns 269,149 shares in the company, valued at approximately $7,845,693.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Tali Notman sold 7,346 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $28.30, for a total transaction of $207,891.80. Following the transaction, the executive now owns 575,162 shares in the company, valued at approximately $16,277,084.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Yossi Sela sold 6,257 shares of JFrog stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $29.15, for a total value of $182,391.55. Following the sale, the director now directly owns 269,149 shares in the company, valued at $7,845,693.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,932 shares of company stock worth $5,884,195. Company insiders own 30.60% of the company’s stock.

JFrog Company Profile

JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. 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 and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.