Tidal Investments LLC Invests $3.25 Million in JFrog Ltd. (NASDAQ:FROG)

Tidal Investments LLC purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 73,528 shares of the company’s stock, valued at approximately $3,251,000. Tidal Investments LLC owned about 0.07% of JFrog as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Arizona State Retirement System raised its stake in JFrog by 7.2% during the fourth quarter. Arizona State Retirement System now owns 21,761 shares of the company’s stock worth $753,000 after acquiring an additional 1,455 shares during the period. Asset Management One Co. Ltd. acquired a new stake in JFrog during the fourth quarter worth about $263,000. International Assets Investment Management LLC acquired a new stake in JFrog during the fourth quarter worth about $2,983,000. NewEdge Wealth LLC raised its stake in JFrog by 32.7% during the fourth quarter. NewEdge Wealth LLC now owns 196,938 shares of the company’s stock worth $6,816,000 after acquiring an additional 48,585 shares during the period. Finally, Cornercap Investment Counsel Inc. raised its stake in JFrog by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock worth $1,584,000 after acquiring an additional 535 shares during the period. Institutional investors own 85.02% of the company’s stock.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the transaction, the director now owns 4,549,432 shares in the company, valued at $176,290,490. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other JFrog news, CTO Yoav Landman sold 15,100 shares of JFrog stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $33.27, for a total transaction of $502,377.00. Following the transaction, 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 available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the transaction, the director now owns 4,549,432 shares in the company, valued at $176,290,490. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,207 shares of company stock worth $8,915,764. 15.70% of the stock is owned by insiders.

JFrog Stock Down 4.8 %

NASDAQ:FROG traded down $1.84 during trading hours on Thursday, reaching $36.72. 172,285 shares of the company’s stock were exchanged, compared to its average volume of 1,190,531. The company has a market capitalization of $3.74 billion, a P/E ratio of -80.36 and a beta of 0.96. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The business’s 50-day simple moving average is $35.15 and its two-hundred day simple moving average is $37.90.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

FROG has been the topic of several research reports. Scotiabank dropped their price objective on shares of JFrog from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Friday, May 10th. TD Cowen started coverage on shares of JFrog in a research note on Wednesday, July 24th. They set a “buy” rating and a $50.00 price objective on the stock. UBS Group started coverage on shares of JFrog in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 price target on the stock. Morgan Stanley dropped their price target on shares of JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Finally, KeyCorp dropped their price target on shares of JFrog from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.07.

JFrog Profile

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.