West Tower Group LLC Buys Shares of 4,000 JFrog Ltd. (NASDAQ:FROG)

West Tower Group LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,000 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its holdings in JFrog by 5.3% during the third quarter. Summit Trail Advisors LLC now owns 55,919 shares of the company’s stock valued at $1,624,000 after purchasing an additional 2,825 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of JFrog in the third quarter valued at approximately $32,401,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of JFrog by 1,277.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,762 shares of the company’s stock valued at $6,730,000 after acquiring an additional 214,935 shares during the last quarter. Wrapmanager Inc. raised its stake in shares of JFrog by 13.5% in the third quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock valued at $284,000 after acquiring an additional 1,161 shares during the last quarter. Finally, George Kaiser Family Foundation raised its stake in shares of JFrog by 37.1% in the third quarter. George Kaiser Family Foundation now owns 102,858 shares of the company’s stock valued at $2,987,000 after acquiring an additional 27,821 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price objective 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. Piper Sandler dropped their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC boosted their price objective on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Finally, Morgan Stanley lowered their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have given 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 price target of $37.72.

JFrog Stock Down 0.4 %

Shares of NASDAQ:FROG opened at $32.03 on Tuesday. The company’s 50 day moving average price is $29.85 and its two-hundred day moving average price is $31.56. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The firm has a market cap of $3.26 billion, a PE ratio of -60.43 and a beta of 0.93.

Insiders Place Their Bets

In related news, CRO Tali Notman sold 11,621 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the sale, the executive now owns 547,413 shares in the company, valued at approximately $14,812,995.78. This trade represents a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,153 shares of company stock worth $5,276,489 in the last quarter. Corporate insiders own 15.70% of the company’s stock.

JFrog Company 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.