Legal Advantage Investments Inc. Sells 450 Shares of JFrog Ltd. (NASDAQ:FROG)

Legal Advantage Investments Inc. lowered its stake in JFrog Ltd. (NASDAQ:FROG) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,950 shares of the company’s stock after selling 450 shares during the quarter. Legal Advantage Investments Inc.’s holdings in JFrog were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FROG. Park Avenue Securities LLC bought a new stake in shares of JFrog during the fourth quarter worth $204,000. Diversified Trust Co boosted its holdings in shares of JFrog by 74.0% during the 4th quarter. Diversified Trust Co now owns 27,962 shares of the company’s stock valued at $822,000 after acquiring an additional 11,890 shares in the last quarter. JPMorgan Chase & Co. grew its position in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after acquiring an additional 159,483 shares during the last quarter. Principal Financial Group Inc. grew its position in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in JFrog by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock worth $2,304,000 after purchasing an additional 3,507 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Price Performance

Shares of NASDAQ FROG opened at $32.75 on Tuesday. The company’s fifty day simple moving average is $30.98 and its 200 day simple moving average is $30.83. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Insider Activity

In other JFrog news, 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 approximately $2,976,156. The trade was a 0.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,146 shares of company stock worth $8,544,054. Company insiders own 15.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Scotiabank boosted their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Finally, Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

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.