JFrog Ltd. (NASDAQ:FROG) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lowered its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,146 shares of the company’s stock after selling 98,678 shares during the period. Silvercrest Asset Management Group LLC’s holdings in JFrog were worth $11,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of JFrog during the 1st quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new position in shares of JFrog during the fourth quarter valued at approximately $35,000. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the first quarter worth approximately $44,000. Advisors Asset Management Inc. grew its stake in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares during the period. Finally, RiverPark Advisors LLC acquired a new stake in shares of JFrog during the first quarter worth $140,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FROG shares. Barclays assumed coverage on JFrog in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $50.00 target price for the company. TD Cowen initiated coverage on shares of JFrog in a report on Wednesday, July 24th. They set a “buy” rating and a $50.00 price objective on the stock. FBN Securities initiated coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of JFrog in a research report on Tuesday, June 25th. Finally, UBS Group began coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.07.

JFrog Price Performance

NASDAQ:FROG opened at $38.65 on Wednesday. The business’s 50-day moving average is $35.04 and its two-hundred day moving average is $37.89. The firm has a market capitalization of $3.94 billion, a PE ratio of -82.23 and a beta of 0.96. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $100.31 million for the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. Equities analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current year.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the completion of the sale, the director now directly owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the transaction, the director now owns 4,549,432 shares in the company, valued at $176,290,490. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.23, for a total value of $930,750.00. Following the sale, the chief technology officer now owns 6,657,242 shares of the company’s stock, valued at approximately $247,849,119.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,207 shares of company stock valued at $8,915,764. Corporate insiders own 15.70% of the company’s stock.

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.