Ingalls & Snyder LLC Cuts Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Ingalls & Snyder LLC lowered its stake in JFrog Ltd. (NASDAQ:FROG) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,173 shares of the company’s stock after selling 1,913 shares during the quarter. Ingalls & Snyder LLC owned about 0.05% of JFrog worth $1,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FROG. Van ECK Associates Corp increased its position in JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the last quarter. US Bancorp DE increased its stake in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares during the last quarter. KBC Group NV boosted its holdings in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. Wrapmanager Inc. increased its position in shares of JFrog by 13.5% during the 3rd quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock valued at $284,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Roubaix Capital LLC raised its holdings in JFrog by 2.4% during the 3rd quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock valued at $2,597,000 after buying an additional 2,111 shares during the period. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC boosted their price objective on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Barclays reduced their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Scotiabank raised their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, TD Cowen upped 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. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 24,652 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36. Following the transaction, the chief technology officer now directly owns 6,526,901 shares of the company’s stock, valued at $244,301,904.43. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the sale, the director now directly owns 4,409,432 shares of the company’s stock, valued at approximately $158,386,797.44. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,685 shares of company stock valued at $13,720,965 over the last 90 days. Insiders own 15.70% of the company’s stock.

JFrog Trading Up 2.1 %

FROG opened at $37.71 on Friday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -71.15 and a beta of 0.97. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The stock has a fifty day moving average price of $32.48 and a 200-day moving average price of $30.65.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. On average, equities research analysts forecast that JFrog Ltd. will post -0.32 EPS for the current year.

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.