Tidal Investments LLC Boosts Stock Position in JFrog Ltd. (NASDAQ:FROG)

Tidal Investments LLC raised its position in JFrog Ltd. (NASDAQ:FROG) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,345 shares of the company’s stock after purchasing an additional 3,507 shares during the period. Tidal Investments LLC owned about 0.08% of JFrog worth $2,304,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares during the last quarter. Principal Financial Group Inc. grew its stake in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after acquiring an additional 514,895 shares during the period. North Peak Capital Management LLC acquired a new position in JFrog in the 3rd quarter valued at $73,417,000. Atom Investors LP lifted its stake in shares of JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after purchasing an additional 24,120 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of JFrog by 60.0% during the second quarter. Algert Global LLC now owns 131,900 shares of the company’s stock worth $4,953,000 after purchasing an additional 49,461 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Yossi Sela sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 256,921 shares of company stock worth $7,927,309 over the last 90 days. Company insiders own 15.70% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $31.22 on Tuesday. The business’s 50-day simple moving average is $30.61 and its 200 day simple moving average is $31.32. The company has a market cap of $3.18 billion, a P/E ratio of -58.91 and a beta of 0.94. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FROG shares. KeyCorp increased their target price on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. Barclays lowered their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. UBS Group increased their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Three equities research 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 company’s stock. Based on data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

JFrog 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.