HighTower Advisors LLC lifted its holdings in JFrog Ltd. (NASDAQ:FROG – Free Report) by 452.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,821 shares of the company’s stock after purchasing an additional 46,529 shares during the period. HighTower Advisors LLC’s holdings in JFrog were worth $2,689,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in FROG. Wilmington Savings Fund Society FSB grew its holdings in JFrog by 1,086.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 1,152 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of JFrog by 7,185.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after buying an additional 2,946 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of JFrog in the second quarter valued at approximately $136,000. Acadian Asset Management LLC acquired a new stake in shares of JFrog in the first quarter worth $162,000. Finally, Northwest & Ethical Investments L.P. bought a new position in JFrog during the second quarter worth $171,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
JFrog Trading Up 7.2%
Shares of FROG opened at $41.56 on Friday. The stock has a market cap of $4.97 billion, a PE ratio of -67.03 and a beta of 1.13. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The stock has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $53.62.
Insider Buying and Selling at JFrog
In related news, CTO Yoav Landman sold 45,000 shares of JFrog stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $57.71, for a total transaction of $2,596,950.00. Following the completion of the transaction, the chief technology officer directly owned 5,868,641 shares of the company’s stock, valued at $338,679,272.11. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic Simon sold 80,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $59.51, for a total transaction of $4,760,800.00. Following the sale, the director directly owned 3,660,786 shares in the company, valued at $217,853,374.86. This represents a 2.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 327,814 shares of company stock worth $20,028,460 over the last ninety days. Company insiders own 14.10% of the company’s stock.
Wall Street Analyst Weigh In
FROG has been the subject of a number of research reports. Barclays increased their price target on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 12th. William Blair reiterated an “outperform” rating on shares of JFrog in a research note on Monday. Needham & Company LLC lifted their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Stifel Nicolaus cut their price target on JFrog from $64.00 to $52.00 and set a “buy” rating for the company in a report on Monday. Finally, DA Davidson reduced their price objective on JFrog from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.42.
Check Out Our Latest Stock Analysis on FROG
About JFrog
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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