JFrog Ltd. (NASDAQ:FROG) Holdings Lessened by Washington Harbour Partners LP

Washington Harbour Partners LP reduced its stake in JFrog Ltd. (NASDAQ:FROG) by 20.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 116,767 shares of the company’s stock after selling 30,300 shares during the quarter. JFrog accounts for 6.4% of Washington Harbour Partners LP’s investment portfolio, making the stock its 6th largest position. Washington Harbour Partners LP’s holdings in JFrog were worth $3,434,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FROG. Woodline Partners LP boosted its holdings in JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock valued at $12,895,000 after acquiring an additional 407,415 shares during the period. Sphera Management Technology Funds Ltd acquired a new stake in JFrog during the 4th quarter worth approximately $2,455,000. Squarepoint Ops LLC boosted its position in JFrog by 20.3% in the 4th quarter. Squarepoint Ops LLC now owns 89,166 shares of the company’s stock valued at $2,622,000 after buying an additional 15,063 shares during the period. Two Sigma Advisers LP grew its stake in shares of JFrog by 20.9% in the fourth quarter. Two Sigma Advisers LP now owns 57,900 shares of the company’s stock worth $1,703,000 after acquiring an additional 10,000 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of JFrog in the fourth quarter worth $240,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other news, CFO Eduard Grabscheid sold 6,672 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the completion of the sale, the chief financial officer now directly owns 166,236 shares of the company’s stock, valued at approximately $6,075,925.80. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yossi Sela sold 14,300 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the sale, the director now owns 306,277 shares of the company’s stock, valued at $12,410,344.04. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 226,848 shares of company stock worth $7,746,477. 14.10% of the stock is owned by insiders.

JFrog Price Performance

NASDAQ FROG opened at $42.66 on Tuesday. The company has a fifty day moving average of $33.77 and a two-hundred day moving average of $33.36. The company has a market capitalization of $4.89 billion, a PE ratio of -67.71 and a beta of 0.97. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.79.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley increased their price objective on JFrog from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Truist Financial upped their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Scotiabank reduced their target price on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.65.

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.