Alkeon Capital Management LLC lowered its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 97.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,425 shares of the company's stock after selling 594,460 shares during the period. Alkeon Capital Management LLC's holdings in JFrog were worth $366,000 as of its most recent SEC filing.
- JFrog leaps on EPS beat and raised guidance
A number of other hedge funds also recently made changes to their positions in FROG. Sunbelt Securities Inc. purchased a new stake in shares of JFrog during the first quarter valued at approximately $25,000. Fred Alger Management LLC acquired a new stake in shares of JFrog during the third quarter worth approximately $35,000. Advisors Asset Management Inc. grew its position in shares of JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock worth $35,000 after buying an additional 829 shares in the last quarter. US Bancorp DE grew its position in shares of JFrog by 84.9% during the second quarter. US Bancorp DE now owns 2,047 shares of the company's stock worth $57,000 after buying an additional 940 shares in the last quarter. Finally, Quarry LP acquired a new position in JFrog in the first quarter worth $64,000. Hedge funds and other institutional investors own 57.65% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. TheStreet raised shares of JFrog from a "d+" rating to a "c-" rating in a report on Friday, December 29th. Cantor Fitzgerald boosted their price target on shares of JFrog from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, February 12th. Needham & Company LLC boosted their price target on shares of JFrog from $31.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. DA Davidson lifted their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Finally, Oppenheimer lifted their price objective on shares of JFrog from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $37.45.
- 2 Tech stocks getting bullish upgrades ahead of Q1
Read Our Latest Report on JFrog
Insiders Place Their Bets
In other JFrog news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the transaction, the director now owns 4,759,432 shares of the company's stock, valued at approximately $224,978,350.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other JFrog news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the transaction, the director now owns 4,759,432 shares of the company's stock, valued at approximately $224,978,350.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 5,433 shares of JFrog stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.02, for a total value of $152,232.66. Following the transaction, the chief executive officer now directly owns 5,268,230 shares in the company, valued at approximately $147,615,804.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 710,803 shares of company stock worth $28,386,438. Company insiders own 30.60% of the company's stock.
JFrog Price Performance
- MarketBeat Week in Review – 6/26 - 6/30
NASDAQ FROG traded up $0.22 on Friday, hitting $45.01. 1,373,609 shares of the company were exchanged, compared to its average volume of 2,357,047. The company's 50 day moving average price is $36.57 and its 200-day moving average price is $30.17. The firm has a market capitalization of $4.59 billion, a P/E ratio of -75.02 and a beta of 0.99. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81.
JFrog Company Profile
(Free Report)
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.
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