Hel Ved Capital Management Ltd Invests $2.16 Million in JFrog Ltd. (NASDAQ:FROG)

Hel Ved Capital Management Ltd purchased a new stake in JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 73,410 shares of the company’s stock, valued at approximately $2,159,000. Hel Ved Capital Management Ltd owned approximately 0.07% of JFrog as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp grew its position in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares in the last quarter. KBC Group NV grew its position in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after buying an additional 1,105 shares in the last quarter. BankPlus Trust Department acquired a new stake in JFrog during the fourth quarter worth approximately $131,000. SG Americas Securities LLC bought a new position in JFrog during the 4th quarter worth $193,000. Finally, Park Avenue Securities LLC acquired a new position in JFrog in the 4th quarter valued at $204,000. 85.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FROG. Canaccord Genuity Group raised their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Barclays boosted their target price on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, KeyCorp restated an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.06.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $29.08 on Friday. The firm has a 50 day moving average price of $35.36 and a two-hundred day moving average price of $32.21. The stock has a market cap of $3.33 billion, a P/E ratio of -46.16 and a beta of 0.98. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.67.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.55, for a total value of $473,250.00. Following the transaction, the chief technology officer now owns 6,567,242 shares in the company, valued at $207,196,485.10. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the sale, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 439,104 shares of company stock worth $15,514,264 over the last ninety days. 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.