JFrog Ltd. (NASDAQ:FROG) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 75.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,743 shares of the company’s stock after selling 299,984 shares during the quarter. NewEdge Wealth LLC owned about 0.10% of JFrog worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FROG. abrdn plc grew its holdings in shares of JFrog by 9.4% during the 3rd quarter. abrdn plc now owns 741,810 shares of the company’s stock worth $21,483,000 after purchasing an additional 63,840 shares during the period. US Bancorp DE grew its holdings in shares of JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the period. VELA Investment Management LLC grew its holdings in shares of JFrog by 17.7% during the 3rd quarter. VELA Investment Management LLC now owns 92,461 shares of the company’s stock worth $2,685,000 after purchasing an additional 13,916 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of JFrog by 17.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,124 shares of the company’s stock worth $584,000 after purchasing an additional 2,930 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FROG shares. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Barclays raised their target price on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, February 14th. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 4,111 shares of JFrog stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.07, for a total transaction of $148,283.77. Following the transaction, the chief technology officer now owns 6,563,131 shares of the company’s stock, valued at $236,732,135.17. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 834 shares of JFrog stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at approximately $2,976,156. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 437,580 shares of company stock valued at $14,803,200. Corporate insiders own 15.70% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $36.81 on Friday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The firm has a market capitalization of $3.75 billion, a PE ratio of -58.43 and a beta of 0.97. The stock’s 50-day simple moving average is $34.36 and its 200-day simple moving average is $31.12.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. On average, sell-side analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

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.