Y.D. More Investments Ltd Trims Stock Position in JFrog Ltd. (NASDAQ:FROG)

Y.D. More Investments Ltd trimmed its stake in JFrog Ltd. (NASDAQ:FROG) by 10.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,200 shares of the company’s stock after selling 10,000 shares during the period. Y.D. More Investments Ltd’s holdings in JFrog were worth $2,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the third quarter worth about $29,000. KBC Group NV grew its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. West Tower Group LLC purchased a new stake in shares of JFrog in the third quarter valued at about $116,000. Sanctuary Advisors LLC acquired a new position in shares of JFrog during the second quarter worth about $188,000. Finally, Mackenzie Financial Corp raised its holdings in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. TD Cowen raised their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Barclays reduced their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $37.89.

JFrog Stock Up 2.5 %

FROG stock opened at $36.34 on Wednesday. The stock’s 50 day moving average is $31.87 and its two-hundred day moving average is $30.68. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a market capitalization of $3.70 billion, a PE ratio of -68.57 and a beta of 0.97.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). The company had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same period in the previous year, the business posted ($0.10) EPS. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

Insider Activity at JFrog

In related news, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the sale, the chief financial officer now owns 97,260 shares of the company’s stock, valued at $2,976,156. This represents a 0.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction that occurred on Thursday, November 7th. The shares were 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 of the company’s stock, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 356,044 shares of company stock valued at $11,414,883 over the last three months. 15.70% of the stock is owned by 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.