Swiss National Bank Takes $3.75 Million Position in JFrog Ltd. (NASDAQ:FROG)

Swiss National Bank bought a new stake in JFrog Ltd. (NASDAQ:FROG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,400 shares of the company’s stock, valued at approximately $3,751,000. Swiss National Bank owned approximately 0.09% of JFrog as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ingalls & Snyder LLC increased its position in JFrog by 208.5% in the second quarter. Ingalls & Snyder LLC now owns 210,822 shares of the company’s stock worth $9,597,000 after purchasing an additional 142,480 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in JFrog by 29.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 265,000 shares of the company’s stock worth $12,063,000 after purchasing an additional 60,000 shares during the period. Baillie Gifford & Co. increased its position in JFrog by 13.1% in the second quarter. Baillie Gifford & Co. now owns 1,299,707 shares of the company’s stock worth $59,162,000 after purchasing an additional 150,605 shares during the period. Credit Suisse AG increased its position in JFrog by 542.9% in the first quarter. Credit Suisse AG now owns 38,107 shares of the company’s stock worth $1,691,000 after purchasing an additional 32,180 shares during the period. Finally, Bank of New York Mellon Corp increased its position in JFrog by 2,280.3% in the first quarter. Bank of New York Mellon Corp now owns 392,470 shares of the company’s stock worth $17,414,000 after purchasing an additional 375,982 shares during the period. Institutional investors own 52.03% of the company’s stock.

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

In other news, Director Jeff Horing sold 74,535 shares of the firm’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $37.55, for a total value of $2,798,789.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 38.30% of the company’s stock.

Shares of FROG stock opened at $35.77 on Wednesday. The stock has a market cap of $3.30 billion and a price-to-earnings ratio of -87.24. The stock has a 50-day moving average of $39.83 and a 200-day moving average of $43.57. JFrog Ltd. has a 1-year low of $33.38 and a 1-year high of $95.20.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The company had revenue of $48.66 million during the quarter, compared to analyst estimates of $48.01 million. JFrog had a negative net margin of 17.12% and a negative return on equity of 4.91%. As a group, equities analysts forecast that JFrog Ltd. will post -0.42 earnings per share for the current year.

JFrog Company Profile

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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