AMJ Financial Wealth Management purchased a new stake in JFrog Ltd. (NASDAQ:FROG – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 65,279 shares of the company’s stock, valued at approximately $4,077,000.
A number of other institutional investors also recently modified their holdings of FROG. Blue Trust Inc. bought a new position in shares of JFrog in the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its position in shares of JFrog by 318.7% in the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares during the period. First Horizon Corp bought a new position in shares of JFrog in the fourth quarter valued at approximately $47,000. Aster Capital Management DIFC Ltd bought a new position in shares of JFrog in the third quarter valued at approximately $56,000. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of JFrog by 1,086.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 1,152 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
JFrog Stock Performance
Shares of NASDAQ:FROG opened at $66.16 on Friday. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $72.06. The company’s fifty day moving average is $48.02 and its 200-day moving average is $53.55. The company has a market capitalization of $8.01 billion, a PE ratio of -124.83 and a beta of 1.02.
Analyst Ratings Changes
Several equities analysts recently commented on FROG shares. KeyCorp reiterated an “overweight” rating and set a $83.00 target price on shares of JFrog in a research note on Friday, May 8th. Evercore set a $80.00 target price on shares of JFrog in a research note on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of JFrog in a research note on Friday, May 8th. Guggenheim upped their target price on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Tuesday, April 21st. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $74.74.
View Our Latest Report on FROG
Insider Buying and Selling at JFrog
In related news, CRO Tali Notman sold 21,097 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $41.28, for a total transaction of $870,884.16. Following the transaction, the executive owned 752,598 shares in the company, valued at $31,067,245.44. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 15,639 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $40.15, for a total transaction of $627,905.85. Following the transaction, the chief financial officer owned 239,902 shares in the company, valued at approximately $9,632,065.30. This trade represents a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 320,003 shares of company stock worth $14,194,781 over the last quarter. Corporate insiders own 11.80% of the company’s stock.
JFrog Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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