JFrog Ltd. (NASDAQ:FROG) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in shares of JFrog Ltd. (NASDAQ:FROG) by 18.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,403 shares of the company’s stock after selling 3,460 shares during the period. Raymond James & Associates’ holdings in JFrog were worth $533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in JFrog during the 3rd quarter worth about $490,000. New York State Common Retirement Fund lifted its position in shares of JFrog by 19.6% during the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock worth $12,544,000 after purchasing an additional 80,913 shares in the last quarter. Swiss National Bank boosted its stake in shares of JFrog by 8.8% in the third quarter. Swiss National Bank now owns 156,800 shares of the company’s stock valued at $3,976,000 after purchasing an additional 12,700 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of JFrog in the third quarter valued at approximately $504,000. Finally, Vanguard Group Inc. increased its stake in JFrog by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after buying an additional 679,007 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the transaction, the director now owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on 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 sale, the director now owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of JFrog 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 501,355 shares of company stock worth $22,340,017. Corporate insiders own 30.60% of the company’s stock.

JFrog Stock Up 1.6 %

Shares of JFrog stock opened at $40.47 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of -67.45 and a beta of 0.99. JFrog Ltd. has a 52 week low of $17.11 and a 52 week high of $48.81. The firm’s 50 day moving average is $42.27 and its two-hundred day moving average is $34.21.

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

Analysts Set New Price Targets

Several equities analysts have commented on FROG shares. Bank Of America (Bofa) raised their price target on shares of JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Oppenheimer upped their price target on JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. Truist Financial increased their price target on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Finally, DA Davidson boosted their price objective on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.46.

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.