TimesSquare Capital Management LLC Has $51.80 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

TimesSquare Capital Management LLC increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,496,555 shares of the company’s stock after purchasing an additional 1,547 shares during the quarter. TimesSquare Capital Management LLC’s holdings in JFrog were worth $51,796,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after acquiring an additional 679,007 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of JFrog by 48.8% during 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 in the last quarter. William Blair Investment Management LLC grew its stake in shares of JFrog by 6.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock valued at $43,965,000 after buying an additional 102,561 shares during the period. Lord Abbett & CO. LLC grew its stake in JFrog by 243.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after acquiring an additional 1,144,315 shares during the period. Finally, Fiera Capital Corp grew its position in JFrog by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 1,522,031 shares of the company’s stock valued at $38,599,000 after purchasing an additional 38,227 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total value of $7,090,500.00. Following the transaction, the director now directly owns 4,759,432 shares of the company’s stock, valued at approximately $224,978,350.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other JFrog news, CEO Ben Haim Shlomi sold 32,724 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $1,436,256.36. Following the transaction, the chief executive officer now owns 4,987,300 shares of the company’s stock, valued at approximately $218,892,597. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic Simon sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the transaction, the director now owns 4,759,432 shares in the company, valued at approximately $224,978,350.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 501,355 shares of company stock worth $22,340,017. Corporate insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FROG. DA Davidson lifted their target price on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Truist Financial boosted their target price on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Cantor Fitzgerald raised their price objective on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Bank Of America (Bofa) lifted their target price on shares of JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Finally, KeyCorp began coverage on JFrog in a research note on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.46.

JFrog Stock Down 0.3 %

Shares of NASDAQ FROG traded down $0.12 on Thursday, hitting $40.62. The company had a trading volume of 1,797,517 shares, compared to its average volume of 1,176,697. The business has a 50 day moving average of $41.70 and a two-hundred day moving average of $35.36. JFrog Ltd. has a 12-month low of $21.38 and a 12-month high of $48.81. The firm has a market capitalization of $4.14 billion, a P/E ratio of -67.70 and a beta of 1.01.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The business had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current year.

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.