Lisanti Capital Growth LLC Takes $4.76 Million Position in JFrog Ltd. (NASDAQ:FROG)

Lisanti Capital Growth LLC acquired a new position in JFrog Ltd. (NASDAQ:FROG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 137,590 shares of the company’s stock, valued at approximately $4,762,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after acquiring an additional 679,007 shares during the period. Bank of New York Mellon Corp grew its stake in shares of JFrog by 48.8% in the 3rd 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 last quarter. William Blair Investment Management LLC raised its holdings in shares of JFrog by 6.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock worth $43,965,000 after purchasing an additional 102,561 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in JFrog by 243.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after purchasing an additional 1,144,315 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in JFrog by 2.6% during the third quarter. Fiera Capital Corp now owns 1,522,031 shares of the company’s stock worth $38,599,000 after buying an additional 38,227 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the transaction, the director now owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the transaction, the director now owns 4,654,432 shares of the company’s stock, valued at approximately $181,383,215.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. Insiders sold 501,355 shares of company stock worth $22,340,017 over the last ninety days. 15.70% of the stock is currently owned by insiders.

JFrog Stock Performance

Shares of FROG stock traded up $1.15 during trading on Monday, hitting $41.04. 561,226 shares of the company were exchanged, compared to its average volume of 1,178,508. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -68.40 and a beta of 1.01. The business’s 50-day simple moving average is $41.91 and its 200 day simple moving average is $35.06. JFrog Ltd. has a twelve month low of $20.80 and a twelve month high of $48.81.

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

Analyst Ratings Changes

FROG has been the topic of several research reports. Cantor Fitzgerald upped their price target on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Morgan Stanley boosted their target price on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. Oppenheimer increased their price target on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. DA Davidson lifted their price target on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Finally, Bank Of America (Bofa) upped their price objective on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.46.

JFrog 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.