Syon Capital LLC Takes Position in JFrog Ltd. (NASDAQ:FROG)

Syon Capital LLC purchased a new stake in shares of JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 638,129 shares of the company’s stock, valued at approximately $22,086,000. JFrog accounts for approximately 1.6% of Syon Capital LLC’s holdings, making the stock its 14th biggest holding. Syon Capital LLC owned about 0.63% of JFrog at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock valued at $100,710,000 after purchasing an additional 1,302,699 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in JFrog by 243.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after purchasing an additional 1,144,315 shares during the last quarter. Vanguard Group Inc. increased its holdings in JFrog by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock valued at $178,344,000 after purchasing an additional 679,007 shares during the last quarter. Cercano Management LLC grew its stake in shares of JFrog by 154.0% in the third quarter. Cercano Management LLC now owns 1,116,965 shares of the company’s stock worth $28,326,000 after acquiring an additional 677,259 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of JFrog by 11,438.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 602,318 shares of the company’s stock worth $15,275,000 after purchasing an additional 597,098 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FROG. Morgan Stanley raised their price target on JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Cantor Fitzgerald lifted their price objective on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Needham & Company LLC boosted their price target on JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Scotiabank began coverage on JFrog in a report on Thursday, March 7th. They set a “buy” rating for the company. Finally, TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $43.46.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 40,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the transaction, the chief technology officer now owns 6,731,371 shares in the company, valued at $260,504,057.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the transaction, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the completion of the transaction, the director now owns 4,654,432 shares in the company, valued at $181,383,215.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 501,355 shares of company stock worth $22,340,017. 30.60% of the stock is owned by insiders.

JFrog Trading Up 3.8 %

FROG stock traded up $1.52 during trading on Friday, hitting $41.99. 1,228,719 shares of the stock traded hands, compared to its average volume of 1,217,276. JFrog Ltd. has a one year low of $17.11 and a one year high of $48.81. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of -70.42 and a beta of 0.99. The company has a 50 day simple moving average of $42.27 and a 200 day simple moving average of $34.21.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. As a group, analysts predict that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

About JFrog

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.