Assetmark Inc. Acquires 7,049 Shares of JFrog Ltd. (NASDAQ:FROG)

Assetmark Inc. grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 13.8% in the third quarter, HoldingsChannel.com reports. The fund owned 58,105 shares of the company’s stock after purchasing an additional 7,049 shares during the period. Assetmark Inc.’s holdings in JFrog were worth $1,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares in the last quarter. George Kaiser Family Foundation raised its position in shares of JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after buying an additional 532 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after acquiring an additional 577 shares during the last quarter. Advisors Asset Management Inc. grew its position in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. Finally, US Bancorp DE increased its stake in JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after acquiring an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

NASDAQ FROG opened at $31.49 on Friday. The stock has a market cap of $3.21 billion, a P/E ratio of -59.42 and a beta of 0.93. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The stock has a 50 day simple moving average of $29.34 and a two-hundred day simple moving average of $32.14.

Wall Street Analysts Forecast Growth

FROG has been the subject of several research analyst reports. Morgan Stanley dropped their price target on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. KeyCorp boosted 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. Stifel Nicolaus reduced their price target on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays lowered their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday. Finally, Oppenheimer lowered shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Three 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.72.

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. This represents a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Tali Notman sold 11,621 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $314,464.26. Following the sale, the executive now owns 547,413 shares in the company, valued at $14,812,995.78. This represents a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,806 shares of company stock worth $4,185,802 over the last quarter. 15.70% of the stock is owned by corporate insiders.

JFrog Company 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.