JFrog Ltd. (NASDAQ:FROG) is Washington Harbour Partners LP’s 2nd Largest Position

Washington Harbour Partners LP raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,067 shares of the company’s stock after acquiring an additional 33,700 shares during the quarter. JFrog makes up 7.6% of Washington Harbour Partners LP’s investment portfolio, making the stock its 2nd largest position. Washington Harbour Partners LP owned approximately 0.14% of JFrog worth $4,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FROG. Mackenzie Financial Corp lifted its position in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares in the last quarter. George Kaiser Family Foundation lifted its position in JFrog by 0.7% during the second 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 position in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after buying an additional 577 shares in the last quarter. US Bancorp DE lifted its position in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after buying an additional 798 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in JFrog during the third quarter valued at approximately $29,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Performance

Shares of FROG opened at $31.00 on Friday. The firm has a market cap of $3.16 billion, a PE ratio of -58.49 and a beta of 0.94. The firm’s 50 day moving average price is $30.28 and its 200 day moving average price is $31.47. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the sale, the chief financial officer now owns 97,260 shares in the company, valued at $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,177 shares of company stock worth $4,914,031. Insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FROG. Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a research note on Monday, October 14th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Canaccord Genuity Group lowered their price target on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, KeyCorp upped their price objective on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.72.

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.