Stanley Laman Group Ltd. Decreases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Stanley Laman Group Ltd. reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,930 shares of the company’s stock after selling 16,489 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.16% of JFrog worth $4,880,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. West Tower Group LLC acquired a new position in JFrog during the 3rd quarter valued at about $116,000. Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter valued at about $188,000. SG Americas Securities LLC acquired a new position in JFrog during the 4th quarter valued at about $193,000. Finally, US Bancorp DE increased its position in JFrog by 13.6% during the 3rd 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. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FROG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday. 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. Scotiabank increased their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Truist Financial reissued a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, TD Cowen increased their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the transaction, the chief executive officer now owns 4,866,809 shares in the company, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 387,033 shares of company stock worth $12,621,141. 15.70% of the stock is owned by corporate insiders.

JFrog Trading Up 2.7 %

Shares of FROG stock opened at $36.93 on Thursday. The company has a market capitalization of $3.76 billion, a P/E ratio of -69.68 and a beta of 0.97. The business’s 50 day moving average is $32.38 and its two-hundred day moving average is $30.61. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

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.