Orion Portfolio Solutions LLC Buys 1,332 Shares of JFrog Ltd. (NASDAQ:FROG)

Orion Portfolio Solutions LLC lifted its position in JFrog Ltd. (NASDAQ:FROG) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,484 shares of the company’s stock after acquiring an additional 1,332 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in JFrog were worth $1,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of JFrog by 13.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,848 shares of the company’s stock valued at $809,000 after acquiring an additional 3,235 shares in the last quarter. Point72 Asset Management L.P. bought a new position in JFrog in the 3rd quarter valued at $6,486,000. State Street Corp increased its position in shares of JFrog by 4.3% during the 3rd quarter. State Street Corp now owns 260,425 shares of the company’s stock valued at $7,563,000 after purchasing an additional 10,634 shares during the last quarter. Washington Harbour Partners LP raised its stake in shares of JFrog by 29.7% during the 3rd quarter. Washington Harbour Partners LP now owns 147,067 shares of the company’s stock worth $4,271,000 after purchasing an additional 33,700 shares during the period. Finally, Pier Capital LLC boosted its holdings in shares of JFrog by 19.2% in the 3rd quarter. Pier Capital LLC now owns 295,588 shares of the company’s stock worth $8,584,000 after buying an additional 47,687 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

NASDAQ FROG opened at $29.08 on Friday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.67. The company has a fifty day moving average of $35.36 and a 200-day moving average of $32.21. The company has a market capitalization of $3.33 billion, a P/E ratio of -46.16 and a beta of 0.98.

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

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the transaction, the director now owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 439,104 shares of company stock valued at $15,514,264. 15.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on FROG. KeyCorp restated an “overweight” rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC lifted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price objective on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley lifted their price objective on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.06.

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.