Ingalls & Snyder LLC Reduces Stock Position in JFrog Ltd. (NASDAQ:FROG)

Ingalls & Snyder LLC lowered its holdings in JFrog Ltd. (NASDAQ:FROG) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,173 shares of the company’s stock after selling 1,913 shares during the quarter. Ingalls & Snyder LLC’s holdings in JFrog were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FROG. abrdn plc grew its stake in shares of JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after purchasing an additional 30,392 shares during the period. Washington Capital Management Inc. grew its position in JFrog by 44.8% during the fourth quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock valued at $618,000 after buying an additional 6,500 shares during the period. KBC Group NV increased its holdings in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of JFrog by 10.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company’s stock worth $2,655,000 after acquiring an additional 8,426 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of JFrog in the fourth quarter worth about $193,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FROG shares. Needham & Company LLC lifted their price target on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Barclays cut their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank lifted their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research note 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 data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

Insider Activity at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the transaction, the director now owns 4,409,432 shares of the company’s stock, valued at $158,386,797.44. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $37.43, for a total value of $922,724.36. Following the sale, the chief technology officer now directly owns 6,526,901 shares of the company’s stock, valued at $244,301,904.43. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,685 shares of company stock worth $13,720,965. Company insiders own 15.70% of the company’s stock.

JFrog Stock Performance

Shares of FROG opened at $37.71 on Friday. The company’s 50-day simple moving average is $32.48 and its 200-day simple moving average is $30.65. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The stock has a market capitalization of $3.84 billion, a PE ratio of -71.15 and a beta of 0.97.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. On average, sell-side analysts predict that JFrog Ltd. will post -0.32 earnings per share for the current year.

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.