Exchange Traded Concepts LLC Purchases 8,426 Shares of JFrog Ltd. (NASDAQ:FROG)

Exchange Traded Concepts LLC lifted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,262 shares of the company’s stock after purchasing an additional 8,426 shares during the quarter. Exchange Traded Concepts LLC owned 0.09% of JFrog worth $2,655,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new position in JFrog during the third quarter worth $29,000. West Tower Group LLC bought a new position in JFrog in the 3rd quarter valued at about $116,000. Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter valued at about $188,000. SG Americas Securities LLC bought a new stake in JFrog during the 4th quarter worth approximately $193,000. Finally, US Bancorp DE raised its stake in shares of JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. TD Cowen lifted their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Scotiabank raised their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $37.89.

JFrog Stock Up 0.9 %

FROG opened at $34.81 on Friday. The firm has a 50-day moving average price of $31.28 and a 200-day moving average price of $30.84. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -65.68 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). The business had revenue of $109.06 million during the quarter, compared to analysts’ expectations of $105.54 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, sell-side analysts expect that JFrog Ltd. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total value of $1,112,300.00. Following the transaction, the director now owns 4,444,432 shares of the company’s stock, valued at approximately $141,244,048.96. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of JFrog stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the sale, the chief financial officer now directly owns 97,260 shares of the company’s stock, valued at $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,146 shares of company stock valued at $8,544,054. Corporate insiders own 15.70% of the company’s stock.

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.