Cornerstone Investment Partners LLC Invests $253,000 in JFrog Ltd. (NASDAQ:FROG)

Cornerstone Investment Partners LLC acquired a new position in JFrog Ltd. (NASDAQ:FROG) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,316 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of JFrog during the first quarter valued at approximately $25,000. Fred Alger Management LLC purchased a new stake in shares of JFrog during the third quarter valued at approximately $35,000. Advisors Asset Management Inc. increased 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 valued at $35,000 after acquiring an additional 829 shares during the last quarter. US Bancorp DE increased its position in shares of JFrog by 2,303.3% during the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of JFrog during the first quarter valued at approximately $64,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FROG. Morgan Stanley increased their price target on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. Cantor Fitzgerald increased their price objective on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Oppenheimer increased their price objective on JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. Needham & Company LLC increased their price objective on JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Finally, TheStreet raised JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average price target of $43.46.

Insider Buying and Selling at JFrog

In other JFrog news, Director Yossi Sela sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $42.87, for a total transaction of $1,929,150.00. Following the sale, the director now owns 380,312 shares in the company, valued at $16,303,975.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JFrog news, Director Yossi Sela sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $42.87, for a total transaction of $1,929,150.00. Following the sale, the director now owns 380,312 shares in the company, valued at $16,303,975.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the sale, the director now owns 4,909,432 shares in the company, valued at approximately $168,540,800.56. The disclosure for this sale can be found here. Insiders have sold 502,555 shares of company stock worth $22,219,617 over the last 90 days. Corporate insiders own 30.60% of the company’s stock.

JFrog Stock Down 2.2 %

NASDAQ:FROG traded down $0.83 during trading hours on Friday, hitting $37.11. 283,490 shares of the company’s stock traded hands, compared to its average volume of 1,234,578. The firm has a market cap of $3.78 billion, a P/E ratio of -63.23 and a beta of 0.99. JFrog Ltd. has a 52 week low of $17.11 and a 52 week high of $48.81. The business’s fifty day simple moving average is $42.33 and its two-hundred day simple moving average is $33.72.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. On average, analysts expect that JFrog Ltd. will post -0.21 EPS for the current year.

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.