Boothbay Fund Management LLC Acquires Shares of 11,303 JFrog Ltd. (NASDAQ:FROG)

Posted by on Mar 5th, 2023

Boothbay Fund Management LLC acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,303 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds have also added to or reduced their stakes in FROG. Lazard Asset Management LLC boosted its holdings in shares of JFrog by 98.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,224 shares of the company’s stock valued at $46,000 after buying an additional 1,104 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in JFrog in the 2nd quarter worth about $57,000. US Bancorp DE boosted its stake in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares in the last quarter. City Holding Co. bought a new position in JFrog in the 3rd quarter worth about $75,000. Finally, Penserra Capital Management LLC boosted its stake in JFrog by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 4,098 shares of the company’s stock worth $110,000 after purchasing an additional 1,366 shares in the last quarter. 53.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on FROG. Canaccord Genuity Group dropped their price target on shares of JFrog from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. Needham & Company LLC upped their target price on shares of JFrog from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of JFrog in a research note on Wednesday, January 25th. They set an “overweight” rating and a $29.00 target price on the stock. Piper Sandler lowered their target price on shares of JFrog from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, January 5th. Finally, Bank of America upgraded shares of JFrog from a “neutral” rating to a “buy” rating and upped their target price for the company from $28.00 to $32.00 in a research note on Wednesday, January 4th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.18.

Insider Activity

In other news, Director Yossi Sela sold 73,920 shares of the company’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $23.00, for a total transaction of $1,700,160.00. Following the completion of the sale, the director now owns 8,490,780 shares of the company’s stock, valued at approximately $195,287,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Yossi Sela sold 73,920 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $23.00, for a total value of $1,700,160.00. Following the completion of the sale, the director now directly owns 8,490,780 shares of the company’s stock, valued at approximately $195,287,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Yakov (Jacob) Shulman sold 6,232 shares of the stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $21.65, for a total transaction of $134,922.80. Following the completion of the sale, the chief financial officer now directly owns 282,980 shares of the company’s stock, valued at $6,126,517. The disclosure for this sale can be found here. Insiders sold 306,452 shares of company stock valued at $7,164,943 in the last quarter. 33.70% of the stock is currently owned by insiders.

JFrog Stock Up 0.7 %

NASDAQ FROG opened at $22.73 on Friday. JFrog Ltd. has a 52 week low of $16.36 and a 52 week high of $28.03. The firm has a market capitalization of $2.21 billion, a P/E ratio of -24.98 and a beta of 0.49. The company has a 50-day moving average price of $23.31 and a 200-day moving average price of $22.64.

JFrog Profile

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JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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