Quantbot Technologies LP Buys New Position in JFrog Ltd. (NASDAQ:FROG)

Quantbot Technologies LP acquired a new stake in JFrog Ltd. (NASDAQ:FROGFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,304 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors have also recently made changes to their positions in FROG. New York State Common Retirement Fund lifted its position in JFrog by 19.6% in the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock valued at $12,544,000 after purchasing an additional 80,913 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in JFrog by 53.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock worth $9,739,000 after buying an additional 134,047 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of JFrog during the second quarter valued at approximately $14,741,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of JFrog by 21.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 980,132 shares of the company’s stock worth $27,154,000 after acquiring an additional 175,464 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Truist Financial increased their price target on JFrog from $33.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Needham & Company LLC lifted their price target on JFrog from $31.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Oppenheimer lifted their price objective on shares of JFrog from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Piper Sandler reduced their target price on JFrog from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and an average price target of $36.18.

Check Out Our Latest Stock Report on FROG

Insider Buying and Selling at JFrog

In related news, CFO Yakov (Jacob) Shulman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.84, for a total value of $214,720.00. Following the transaction, the chief financial officer now owns 507,373 shares in the company, valued at $13,617,891.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ben Haim Shlomi sold 129,019 shares of JFrog stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $35.14, for a total value of $4,533,727.66. Following the completion of the transaction, the chief executive officer now directly owns 5,049,347 shares in the company, valued at $177,434,053.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.84, for a total value of $214,720.00. Following the transaction, the chief financial officer now owns 507,373 shares of the company’s stock, valued at approximately $13,617,891.32. The disclosure for this sale can be found here. Insiders have sold a total of 412,243 shares of company stock worth $13,722,858 in the last quarter. 30.60% of the stock is owned by insiders.

JFrog Price Performance

NASDAQ:FROG opened at $36.38 on Thursday. The firm has a market cap of $3.71 billion, a PE ratio of -50.53 and a beta of 0.85. The firm has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $28.54. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $37.18.

JFrog Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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