Fiera Capital Corp Sells 36,355 Shares of JFrog Ltd. (NASDAQ:FROG)

Fiera Capital Corp lowered its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,510,187 shares of the company’s stock after selling 36,355 shares during the period. Fiera Capital Corp’s holdings in JFrog were worth $44,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FROG. West Tower Group LLC bought a new stake in shares of JFrog in the 3rd quarter worth approximately $116,000. KBC Group NV raised its stake in JFrog by 39.0% during 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 during the last quarter. Sanctuary Advisors LLC bought a new stake in JFrog in the second quarter worth $188,000. SG Americas Securities LLC purchased a new stake in shares of JFrog in the fourth quarter worth $193,000. Finally, US Bancorp DE increased its holdings in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after acquiring an additional 798 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

JFrog stock opened at $36.93 on Thursday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The business has a 50-day simple moving average of $32.38 and a two-hundred day simple moving average of $30.61.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 11,529 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $352,787.40. Following the transaction, the executive now directly owns 525,185 shares of the company’s stock, valued at approximately $16,070,661. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 387,033 shares of company stock worth $12,621,141. 15.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

FROG has been the topic of a number of analyst reports. Needham & Company LLC upped their price target on shares of JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research note on Wednesday. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Scotiabank boosted 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. Finally, Truist Financial reiterated a “buy” rating and set a $35.00 target price (up 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.06.

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.