Quadrature Capital Ltd Buys New Stake in JFrog Ltd. (NASDAQ:FROG)

Quadrature Capital Ltd bought a new stake in JFrog Ltd. (NASDAQ:FROG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 63,729 shares of the company’s stock, valued at approximately $2,206,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in JFrog during the fourth quarter worth about $35,000. Fred Alger Management LLC acquired a new position in shares of JFrog during the third quarter worth approximately $35,000. Waterloo Capital L.P. acquired a new position in shares of JFrog during the fourth quarter worth approximately $218,000. DekaBank Deutsche Girozentrale acquired a new position in shares of JFrog during the third quarter worth approximately $170,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of JFrog during the fourth quarter worth approximately $253,000. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Down 1.5 %

JFrog stock traded down $0.48 during mid-day trading on Friday, reaching $32.48. The company’s stock had a trading volume of 1,062,744 shares, compared to its average volume of 1,696,326. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The business’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $36.62.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. Research analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Cantor Fitzgerald increased their price objective on shares of JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. FBN Securities began coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 price objective on the stock. KeyCorp cut their price objective on shares of JFrog from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Finally, Morgan Stanley cut their price objective on shares of JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $42.73.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $42.59, for a total value of $1,490,650.00. Following the completion of the sale, the director now owns 4,689,432 shares in the company, valued at $199,722,908.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $42.59, for a total transaction of $1,490,650.00. Following the completion of the sale, the director now owns 4,689,432 shares in the company, valued at approximately $199,722,908.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 6,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $42.60, for a total transaction of $255,600.00. Following the sale, the executive now owns 522,348 shares of the company’s stock, valued at approximately $22,252,024.80. The disclosure for this sale can be found here. Insiders sold a total of 166,100 shares of company stock worth $6,305,077 over the last quarter. 15.70% of the stock is currently owned by insiders.

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.