Bryce Point Capital LLC Takes $479,000 Position in JFrog Ltd. $FROG

Bryce Point Capital LLC bought a new position in JFrog Ltd. (NASDAQ:FROG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,126 shares of the company’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of JFrog by 48.4% in the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock worth $6,053,000 after purchasing an additional 61,685 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of JFrog during the 1st quarter valued at $205,000. AQR Capital Management LLC bought a new position in JFrog in the 1st quarter worth $368,000. Integrated Wealth Concepts LLC purchased a new stake in JFrog in the 1st quarter worth $203,000. Finally, Goldman Sachs Group Inc. raised its holdings in JFrog by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after acquiring an additional 88,784 shares during the period. Institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

NASDAQ:FROG opened at $53.20 on Wednesday. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The stock’s 50 day simple moving average is $60.53 and its two-hundred day simple moving average is $53.55. The company has a market cap of $6.29 billion, a price-to-earnings ratio of -76.00 and a beta of 1.13.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $55.00) on shares of JFrog in a research note on Friday, November 7th. Piper Sandler upped their price target on JFrog from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. DA Davidson raised shares of JFrog to a “strong-buy” rating in a report on Friday, November 7th. Finally, Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 25,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $51.92, for a total transaction of $1,298,000.00. Following the completion of the transaction, the chief executive officer owned 4,741,893 shares in the company, valued at $246,199,084.56. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 13,357 shares of JFrog stock in a transaction on Monday, December 8th. The stock was sold at an average price of $64.80, for a total transaction of $865,533.60. Following the completion of the transaction, the executive directly owned 631,325 shares of the company’s stock, valued at $40,909,860. The trade was a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 407,814 shares of company stock valued at $24,969,260 in the last 90 days. Company insiders own 14.10% 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.