JFrog Ltd. (NASDAQ:FROG) Holdings Decreased by Royce & Associates LP

Royce & Associates LP lowered its position in JFrog Ltd. (NASDAQ:FROG) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 400,803 shares of the company’s stock after selling 52,000 shares during the period. Royce & Associates LP owned 0.39% of JFrog worth $11,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. TimesSquare Capital Management LLC increased its stake in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the period. 1832 Asset Management L.P. raised its position in shares of JFrog by 285.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after acquiring an additional 1,052,800 shares during the period. Meitav Investment House Ltd. grew its holdings in JFrog by 4,244.7% during the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares during the period. American Century Companies Inc. increased its stake in JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after purchasing an additional 841,956 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in JFrog in the second quarter worth $30,098,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Down 2.4 %

FROG stock opened at $30.72 on Friday. The firm’s 50-day moving average price is $29.47 and its two-hundred day moving average price is $32.01. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -57.96 and a beta of 0.93. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Analyst Ratings Changes

FROG has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC lifted their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group reduced their price target on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.72.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 11,621 shares of the business’s stock in a transaction 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 completion of the sale, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. The trade was a 2.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,806 shares of company stock valued at $4,185,802 in the last three months. Company insiders own 15.70% of the company’s stock.

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.