Segall Bryant & Hamill LLC reduced its stake in JFrog Ltd. (NASDAQ:FROG – Free Report) by 5.4% during the first quarter, Holdings Channel.com reports. The fund owned 179,246 shares of the company’s stock after selling 10,176 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in JFrog were worth $8,412,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of JFrog during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC increased its holdings in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares during the period. Farther Finance Advisors LLC increased its holdings in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 478 shares during the period. Western Wealth Management LLC bought a new stake in JFrog during the 1st quarter valued at $30,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of JFrog in the 4th quarter worth $44,000. 85.02% of the stock is owned by hedge funds and other institutional investors.
JFrog Price Performance
FROG opened at $79.79 on Monday. The firm has a market capitalization of $9.66 billion, a PE ratio of -150.55 and a beta of 1.20. The business’s 50-day moving average is $84.05 and its two-hundred day moving average is $62.18. JFrog Ltd. has a 1 year low of $34.05 and a 1 year high of $99.22.
Insider Activity at JFrog
In other JFrog news, Director Barry Zwarenstein sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $80.10, for a total value of $100,125.00. Following the completion of the sale, the director directly owned 31,687 shares in the company, valued at $2,538,128.70. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 5,654 shares of JFrog stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $84.69, for a total transaction of $478,837.26. Following the completion of the transaction, the chief financial officer directly owned 209,658 shares in the company, valued at $17,755,936.02. This represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 963,649 shares of company stock valued at $77,654,577 over the last three months. Company insiders own 11.80% of the company’s stock.
Analyst Ratings Changes
FROG has been the topic of several research reports. Raymond James Financial restated an “outperform” rating on shares of JFrog in a research note on Wednesday, July 22nd. UBS Group increased their target price on shares of JFrog from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. BTIG Research raised their target price on shares of JFrog from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Friday, July 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of JFrog in a research report on Monday, June 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.86.
Check Out Our Latest Report on JFrog
JFrog Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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