Orion Portfolio Solutions LLC Has $1.25 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Orion Portfolio Solutions LLC lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,484 shares of the company’s stock after buying an additional 1,332 shares during the period. Orion Portfolio Solutions LLC’s holdings in JFrog were worth $1,249,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FROG. US Bancorp DE raised its stake in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after acquiring an additional 512 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. Arizona State Retirement System increased its position in JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock worth $800,000 after purchasing an additional 682 shares in the last quarter. Blair William & Co. IL lifted its stake in JFrog by 0.3% in the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company’s stock valued at $8,296,000 after purchasing an additional 968 shares during the last quarter. Finally, KBC Group NV boosted its position in JFrog by 39.0% in 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 in the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Down 6.3 %

Shares of NASDAQ FROG opened at $29.08 on Friday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.67. The firm has a market cap of $3.33 billion, a PE ratio of -46.16 and a beta of 0.98. The company’s fifty day simple moving average is $35.36 and its 200 day simple moving average is $32.21.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. On average, equities analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays increased their target price on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Truist Financial boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Three equities 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 currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Insider Buying and Selling at JFrog

In other news, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the transaction, the director now directly owns 306,277 shares in the company, valued at $12,410,344.04. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the sale, the chief financial officer now owns 93,597 shares in the company, valued at $3,275,895. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,104 shares of company stock valued at $15,514,264. 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.