Grandeur Peak Global Advisors LLC Sells 232,433 Shares of JFrog Ltd. (NASDAQ:FROG)

Grandeur Peak Global Advisors LLC decreased its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,439,771 shares of the company’s stock after selling 232,433 shares during the period. JFrog makes up about 6.4% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 3rd largest position. Grandeur Peak Global Advisors LLC’s holdings in JFrog were worth $71,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in JFrog by 91.1% in the fourth 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. KBC Group NV lifted its position 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 purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog during the 4th quarter worth $131,000. SG Americas Securities LLC purchased a new position in shares of JFrog during the fourth quarter worth approximately $193,000. Finally, Park Avenue Securities LLC purchased a new position in shares of JFrog in the fourth quarter worth about $204,000. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FROG shares. Needham & Company LLC upped their price target on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays upped their price target on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. KeyCorp reiterated an “overweight” rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Three equities research 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. According to MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This trade represents a 0.36 % 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. Also, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction that occurred on 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 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. In the last 90 days, insiders have sold 444,104 shares of company stock worth $15,587,729. 15.70% of the stock is currently owned by insiders.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $31.01 on Friday. The business has a 50 day simple moving average of $34.59 and a two-hundred day simple moving average of $32.28. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.00. The firm has a market capitalization of $3.55 billion, a PE ratio of -49.22 and a beta of 0.98.

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 the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities research analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.