Ashford Capital Management Inc. increased its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,470 shares of the company's stock after purchasing an additional 94,840 shares during the quarter. JFrog makes up 1.4% of Ashford Capital Management Inc.'s portfolio, making the stock its 29th biggest position. Ashford Capital Management Inc. owned 0.37% of JFrog worth $11,078,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of JFrog during the 2nd quarter worth about $187,000. Diversified Trust Co acquired a new position in shares of JFrog during the 2nd quarter worth approximately $604,000. Assenagon Asset Management S.A. acquired a new position in shares of JFrog during the 2nd quarter worth approximately $6,576,000. Raymond James & Associates increased its holdings in shares of JFrog by 27.4% during the 2nd quarter. Raymond James & Associates now owns 168,326 shares of the company's stock worth $6,321,000 after acquiring an additional 36,205 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of JFrog by 22.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company's stock worth $115,791,000 after acquiring an additional 561,897 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FROG opened at $30.93 on Tuesday. The stock has a fifty day moving average price of $30.32 and a 200-day moving average price of $31.43. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -58.36 and a beta of 0.94. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.
In related news, CEO Ben Haim Shlomi sold 35,550 shares of the company's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at $149,256,870. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Yossi Sela sold 25,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the sale, the director now owns 355,129 shares of the company's stock, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 176,478 shares of company stock worth $5,407,856. 15.70% of the stock is currently owned by company insiders.
FROG has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. DA Davidson reissued a "buy" rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Robert W. Baird boosted their target price on JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. TD Cowen boosted their target price on JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Finally, Baird R W raised JFrog to a "strong-buy" rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and a consensus target price of $37.72.
Read Our Latest Stock Report on FROG
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
While JFrog currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.