Thoroughbred Financial Services LLC Has $788,000 Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Thoroughbred Financial Services LLC boosted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 52.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,830 shares of the company’s stock after buying an additional 6,125 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in JFrog were worth $788,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FROG. Arcadia Investment Management Corp MI acquired a new position in shares of JFrog in the 1st quarter valued at $26,000. Frazier Financial Advisors LLC bought a new stake in shares of JFrog in the 4th quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the 1st quarter valued at $44,000. RiverPark Advisors LLC bought a new stake in shares of JFrog in the 1st quarter valued at $140,000. Finally, Duality Advisers LP bought a new stake in shares of JFrog in the 1st quarter valued at $205,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ FROG traded up $0.22 during midday trading on Tuesday, hitting $37.22. 177,265 shares of the company’s stock were exchanged, compared to its average volume of 1,223,389. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The company’s 50 day moving average price is $34.44 and its 200 day moving average price is $37.50.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. As a group, equities research analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 15,100 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $33.27, for a total value of $502,377.00. Following the completion of the sale, the chief technology officer now directly owns 6,716,271 shares in the company, valued at approximately $223,450,336.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Yoav Landman sold 15,100 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $33.27, for a total transaction of $502,377.00. Following the completion of the sale, the chief technology officer now directly owns 6,716,271 shares in the company, valued at approximately $223,450,336.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the sale, the director now owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The disclosure for this sale can be found here. Insiders sold 217,207 shares of company stock worth $7,446,864 in the last ninety days. 15.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of JFrog in a research report on Tuesday, June 25th. Barclays assumed coverage on JFrog in a research report on Wednesday, June 26th. They issued an “overweight” rating and a $50.00 target price on the stock. Scotiabank dropped their target price on JFrog from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Friday, May 10th. UBS Group assumed coverage on JFrog in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Morgan Stanley dropped their target price on JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.93.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.