JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in JFrog Ltd. (NASDAQ:FROG) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,124,663 shares of the company’s stock after acquiring an additional 8,915 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.10% of JFrog worth $33,076,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares during the last quarter. KBC Group NV raised its position in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department bought a new stake in shares of JFrog in the 4th quarter worth approximately $131,000. SG Americas Securities LLC acquired a new position in JFrog during the 4th quarter valued at approximately $193,000. Finally, Park Avenue Securities LLC bought a new position in JFrog during the 4th quarter worth $204,000. 85.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FROG has been the topic of a number of recent research reports. Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley raised their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

JFrog Price Performance

Shares of FROG opened at $29.08 on Monday. The firm’s 50 day moving average is $35.36 and its 200-day moving average is $32.26. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.67. The stock has a market capitalization of $3.33 billion, a P/E ratio of -46.16 and a beta of 0.98.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.55, for a total transaction of $473,250.00. Following the completion of the transaction, the chief technology officer now directly owns 6,567,242 shares in the company, valued at approximately $207,196,485.10. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 439,104 shares of company stock valued at $15,514,264 over the last three months. Insiders own 15.70% of the company’s stock.

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.