Washington Harbour Partners LP Has $4.27 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Washington Harbour Partners LP boosted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 29.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 147,067 shares of the company’s stock after buying an additional 33,700 shares during the quarter. JFrog makes up about 7.6% of Washington Harbour Partners LP’s portfolio, making the stock its 2nd largest position. Washington Harbour Partners LP’s holdings in JFrog were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of JFrog in the 2nd quarter valued at about $187,000. Diversified Trust Co bought a new stake in shares of JFrog in the 2nd quarter valued at about $604,000. Assenagon Asset Management S.A. bought a new stake in shares of JFrog in the 2nd quarter valued at about $6,576,000. Raymond James & Associates increased its stake in shares of JFrog by 27.4% in the 2nd quarter. Raymond James & Associates now owns 168,326 shares of the company’s stock valued at $6,321,000 after acquiring an additional 36,205 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after acquiring an additional 561,897 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief technology officer now owns 6,627,242 shares in the company, valued at approximately $185,562,776. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the completion of the sale, the chief financial officer now 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. Insiders have sold a total of 162,177 shares of company stock worth $4,914,031 in the last 90 days. Corporate insiders own 15.70% of the company’s stock.

JFrog Stock Down 3.3 %

Shares of JFrog stock opened at $31.00 on Friday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock has a market cap of $3.16 billion, a P/E ratio of -58.49 and a beta of 0.94. The business’s 50 day moving average is $30.28 and its 200-day moving average is $31.47.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. Barclays decreased their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Morgan Stanley decreased their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. TD Cowen boosted their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Canaccord Genuity Group decreased their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average price target of $37.72.

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.