Legal Advantage Investments Inc. Lowers Position in JFrog Ltd. (NASDAQ:FROG)

Legal Advantage Investments Inc. trimmed its position in shares of JFrog Ltd. (NASDAQ:FROG) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,950 shares of the company’s stock after selling 450 shares during the quarter. Legal Advantage Investments Inc.’s holdings in JFrog were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in JFrog during the fourth quarter worth about $204,000. Diversified Trust Co increased its stake in JFrog by 74.0% in the 4th quarter. Diversified Trust Co now owns 27,962 shares of the company’s stock valued at $822,000 after buying an additional 11,890 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after buying an additional 159,483 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after buying an additional 514,895 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of JFrog by 4.6% in the third quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock valued at $2,304,000 after acquiring an additional 3,507 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

Shares of FROG opened at $32.75 on Tuesday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock’s 50-day simple moving average is $30.98 and its 200 day simple moving average is $30.83.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen boosted their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Robert W. Baird raised their price objective on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays dropped their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial restated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Insider Transactions at JFrog

In related news, Director Yossi Sela sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now directly owns 355,129 shares in the company, valued at $11,314,409.94. The trade was a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the transaction, the chief executive officer now owns 4,957,454 shares in the company, valued at $158,291,506.22. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,146 shares of company stock valued at $8,544,054. 15.70% of the stock is currently owned by corporate insiders.

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.