JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Wrapmanager Inc.

Wrapmanager Inc. lifted its stake in JFrog Ltd. (NASDAQ:FROG) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,769 shares of the company’s stock after purchasing an additional 1,161 shares during the quarter. Wrapmanager Inc.’s holdings in JFrog were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new stake in JFrog in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. raised its holdings in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares during the period. SG Americas Securities LLC purchased a new stake in shares of JFrog in the 2nd quarter valued at $187,000. Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter worth about $188,000. Finally, Concurrent Investment Advisors LLC acquired a new position in JFrog in the 2nd quarter valued at about $210,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the sale, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,806 shares of company stock valued at $5,265,902 over the last ninety days. Insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. Robert W. Baird upped their price objective on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. KeyCorp lifted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Needham & Company LLC upped their price target on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.72.

JFrog Trading Down 0.7 %

Shares of JFrog stock opened at $29.96 on Wednesday. The company has a fifty day simple moving average of $29.55 and a 200-day simple moving average of $31.82. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -56.53 and a beta of 0.93. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

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.