Rhumbline Advisers Increases Stake in JFrog Ltd. (NASDAQ:FROG)

Rhumbline Advisers grew its position in shares of JFrog Ltd. (NASDAQ:FROG) by 284.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,362 shares of the company’s stock after buying an additional 38,749 shares during the quarter. Rhumbline Advisers’ holdings in JFrog were worth $2,384,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its position in JFrog by 213.8% during the 1st quarter. Bank of Montreal Can now owns 706 shares of the company’s stock worth $35,000 after buying an additional 481 shares during the last quarter. Citigroup Inc. raised its position in JFrog by 31.0% during the 1st quarter. Citigroup Inc. now owns 1,338 shares of the company’s stock worth $59,000 after buying an additional 317 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of JFrog by 109.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,484 shares of the company’s stock valued at $113,000 after purchasing an additional 1,298 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of JFrog in the 1st quarter valued at about $120,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of JFrog by 74.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 4,050 shares of the company’s stock valued at $180,000 after purchasing an additional 1,725 shares in the last quarter. Institutional investors own 52.03% of the company’s stock.

In other news, Director Jeff Horing sold 74,535 shares of the stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $37.55, for a total transaction of $2,798,789.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 38.30% of the company’s stock.

JFrog stock opened at $35.77 on Wednesday. The stock has a market capitalization of $3.30 billion and a P/E ratio of -87.24. JFrog Ltd. has a 12-month low of $33.38 and a 12-month high of $95.20. The firm’s 50-day moving average is $39.83 and its two-hundred day moving average is $43.57.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The company had revenue of $48.66 million for the quarter, compared to analysts’ expectations of $48.01 million. JFrog had a negative return on equity of 4.91% and a negative net margin of 17.12%. On average, equities research analysts predict that JFrog Ltd. will post -0.42 earnings per share for the current fiscal year.

FROG has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of JFrog in a report on Tuesday, September 14th. Zacks Investment Research cut shares of JFrog from a “hold” rating to a “sell” rating in a research note on Friday, August 6th. Morgan Stanley lowered their price objective on shares of JFrog from $63.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, August 20th. Oppenheimer lowered their price objective on shares of JFrog from $61.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, August 6th. Finally, Bank of America reissued a “neutral” rating on shares of JFrog in a research note on Thursday, May 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.80.

About JFrog

JFrog Ltd. provides DevOps platform to achieve continuous software release management platform enabling organizations to deliver software updates across any system in the United States. Its platform acts as a bridge between software development and deployment, which enables organizations to build and release software faster and securely.

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Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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