Peregrine Capital Management LLC Buys 34,900 Shares of JFrog Ltd. (NASDAQ:FROG)

Peregrine Capital Management LLC grew its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,835 shares of the company’s stock after acquiring an additional 34,900 shares during the period. Peregrine Capital Management LLC owned about 0.32% of JFrog worth $9,642,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FROG. West Tower Group LLC bought a new stake in JFrog during the 3rd quarter valued at $116,000. KBC Group NV raised its holdings in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in JFrog in the second quarter worth about $188,000. SG Americas Securities LLC bought a new position in JFrog during the 4th quarter worth about $193,000. Finally, US Bancorp DE grew its holdings in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36. Following the completion of the transaction, the chief technology officer now owns 6,526,901 shares in the company, valued at approximately $244,301,904.43. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the sale, the director now owns 4,409,432 shares in the company, valued at $158,386,797.44. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,338 shares of company stock valued at $13,710,378 over the last quarter. 15.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FROG shares. Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley upped their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird lifted their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp reiterated an “overweight” rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday. Three 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.17.

JFrog Trading Up 5.5 %

Shares of JFrog stock opened at $39.80 on Tuesday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The firm’s 50 day simple moving average is $32.96 and its two-hundred day simple moving average is $30.63. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -75.09 and a beta of 0.97.

JFrog (NASDAQ:FROG) last issued its earnings results 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 5.36% and a negative net margin of 13.98%. On average, sell-side analysts predict that JFrog Ltd. will post -0.32 EPS 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.