George Kaiser Family Foundation Purchases 27,821 Shares of JFrog Ltd. (NASDAQ:FROG)

George Kaiser Family Foundation boosted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 37.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,858 shares of the company’s stock after purchasing an additional 27,821 shares during the quarter. JFrog accounts for about 0.5% of George Kaiser Family Foundation’s investment portfolio, making the stock its 10th biggest holding. George Kaiser Family Foundation’s holdings in JFrog were worth $2,987,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FROG. Vanguard Group Inc. grew its stake in shares of JFrog by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock worth $335,141,000 after acquiring an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp grew its position in JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after buying an additional 561,897 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after buying an additional 1,617,551 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after buying an additional 254,100 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FROG. TD Cowen lifted their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. KeyCorp upped their price objective on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Scotiabank lifted their price target on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Trading Down 1.8 %

NASDAQ:FROG opened at $30.16 on Tuesday. The stock has a fifty day moving average price of $29.51 and a 200 day moving average price of $31.89. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the sale, the executive now owns 536,714 shares of the company’s stock, valued at approximately $15,183,639.06. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at approximately $185,562,776. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,806 shares of company stock worth $4,185,802. 15.70% of the stock is currently owned by insiders.

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.