JFrog Ltd. (NASDAQ:FROG) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 22.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,674 shares of the company’s stock after selling 495 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in JFrog were worth $58,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FROG. Bank of New York Mellon Corp raised its stake in JFrog by 48.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after acquiring an additional 1,302,699 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in JFrog by 243.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after purchasing an additional 1,144,315 shares during the period. Goldman Sachs Group Inc. increased its stake in JFrog by 455.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,097,340 shares of the company’s stock valued at $23,121,000 after purchasing an additional 899,673 shares during the period. Point72 Asset Management L.P. increased its stake in JFrog by 695.4% in the second quarter. Point72 Asset Management L.P. now owns 979,900 shares of the company’s stock valued at $27,143,000 after purchasing an additional 856,700 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in JFrog by 1,108.4% in the first quarter. Dimensional Fund Advisors LP now owns 804,668 shares of the company’s stock valued at $15,850,000 after purchasing an additional 738,078 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frederic Simon sold 150,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the sale, the director now owns 4,759,432 shares of the company’s stock, valued at $224,978,350.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Frederic Simon sold 150,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the sale, the director now owns 4,759,432 shares of the company’s stock, valued at $224,978,350.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 110,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the completion of the sale, the chief technology officer now directly owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 502,555 shares of company stock valued at $22,219,617. Corporate insiders own 30.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FROG. Scotiabank began coverage on shares of JFrog in a research note on Thursday, March 7th. They issued a “buy” rating on the stock. Truist Financial lifted their price objective on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Cantor Fitzgerald lifted their price objective on shares of JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. DA Davidson lifted their price objective on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Finally, KeyCorp began coverage on shares of JFrog in a research note on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.46.

JFrog Stock Up 0.1 %

Shares of NASDAQ:FROG opened at $37.49 on Wednesday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -62.48 and a beta of 0.99. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81. The firm’s 50-day simple moving average is $42.29 and its 200-day simple moving average is $33.66.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. On average, research analysts forecast that JFrog Ltd. will post -0.21 EPS for the current year.

JFrog 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.