VELA Investment Management LLC Acquires 13,916 Shares of JFrog Ltd. (NASDAQ:FROG)

VELA Investment Management LLC grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 17.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,461 shares of the company’s stock after buying an additional 13,916 shares during the period. VELA Investment Management LLC owned 0.09% of JFrog worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FROG. 1832 Asset Management L.P. lifted its stake in shares of JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock worth $62,885,000 after buying an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after acquiring an additional 856,451 shares during the last quarter. American Century Companies Inc. lifted its position in JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after acquiring an additional 841,956 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in JFrog during the 2nd quarter valued at $30,098,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FROG. Stifel Nicolaus dropped their price objective on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of JFrog in a research report on Monday, September 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday. Finally, Canaccord Genuity Group dropped their price target on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.61.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the transaction, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,031 shares of company stock worth $4,003,447 in the last three months. 15.70% of the stock is owned by company insiders.

JFrog Price Performance

Shares of NASDAQ:FROG traded up $0.65 during mid-day trading on Friday, reaching $29.83. 720,641 shares of the company traded hands, compared to its average volume of 1,271,726. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $32.62. The firm has a market cap of $3.04 billion, a PE ratio of -66.29 and a beta of 0.94. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, research analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

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.