State of New Jersey Common Pension Fund D Has $3.21 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

State of New Jersey Common Pension Fund D lifted its stake in JFrog Ltd. (NASDAQ:FROG) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,857 shares of the company’s stock after acquiring an additional 4,730 shares during the period. State of New Jersey Common Pension Fund D’s holdings in JFrog were worth $3,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FROG. Exchange Traded Concepts LLC grew its stake in shares of JFrog by 46.9% in the third quarter. Exchange Traded Concepts LLC now owns 39,136 shares of the company’s stock worth $992,000 after acquiring an additional 12,488 shares during the last quarter. Bank of New York Mellon Corp lifted its position in JFrog by 48.8% in the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after purchasing an additional 1,302,699 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in JFrog by 53.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock worth $9,739,000 after purchasing an additional 134,047 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in JFrog by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,050 shares of the company’s stock worth $306,000 after purchasing an additional 2,643 shares during the period. Finally, Washington Capital Management Inc. bought a new position in JFrog in the third quarter worth $424,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Price Performance

Shares of NASDAQ FROG opened at $41.99 on Friday. The business has a fifty day moving average of $42.22 and a two-hundred day moving average of $34.41. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The business had revenue of $97.26 million during the quarter, compared to analysts’ expectations of $93.07 million. As a group, equities analysts forecast that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the transaction, the director now directly owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Yossi Sela sold 45,000 shares of JFrog stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $42.87, for a total value of $1,929,150.00. Following the completion of the transaction, the director now directly owns 380,312 shares of the company’s stock, valued at $16,303,975.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the transaction, the director now directly owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The disclosure for this sale can be found here. Insiders sold 501,355 shares of company stock valued at $22,340,017 over the last ninety days. 30.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. DA Davidson raised their target price on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Morgan Stanley raised their target price on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. Scotiabank assumed coverage on JFrog in a research report on Thursday, March 7th. They issued a “buy” rating for the company. Finally, KeyCorp assumed coverage on JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and a consensus target price of $43.46.

JFrog Company Profile

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.