JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in JFrog Ltd. (NASDAQ:FROG) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,919 shares of the company’s stock after purchasing an additional 2,825 shares during the period. Summit Trail Advisors LLC owned about 0.05% of JFrog worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FROG. TimesSquare Capital Management LLC lifted its position in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after purchasing an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of JFrog during the 3rd quarter worth approximately $32,401,000. Meitav Investment House Ltd. boosted its stake in shares of JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after acquiring an additional 856,451 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of JFrog by 172.5% during the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after acquiring an additional 841,956 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of JFrog during the 2nd quarter worth approximately $30,098,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 0.7 %

Shares of NASDAQ:FROG opened at $32.15 on Monday. The business’s fifty day moving average price is $29.77 and its two-hundred day moving average price is $31.63. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Insider Buying and Selling at JFrog

In related news, CEO Ben Haim Shlomi sold 35,550 shares of JFrog 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 of the company’s stock, valued at $149,256,870. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.29, for a total transaction of $302,674.71. Following the transaction, the executive now directly owns 536,714 shares in the company, valued at approximately $15,183,639.06. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,153 shares of company stock worth $5,276,489. 15.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FROG. Piper Sandler decreased their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Bank of America decreased their price target on JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group upped their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Finally, TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.