SG Americas Securities LLC Sells 1,117 Shares of JFrog Ltd. (NASDAQ:FROG)

SG Americas Securities LLC reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 21.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,097 shares of the company’s stock after selling 1,117 shares during the quarter. SG Americas Securities LLC’s holdings in JFrog were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FROG. Raymond James & Associates grew its stake in shares of JFrog by 9.3% during the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after purchasing an additional 3,800 shares during the last quarter. US Bancorp DE raised its holdings in JFrog by 2,303.3% in the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares during the period. Cetera Advisor Networks LLC raised its holdings in JFrog by 74.3% in the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after purchasing an additional 5,012 shares during the period. Rhumbline Advisers raised its holdings in shares of JFrog by 2.4% during the first quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after acquiring an additional 1,331 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of JFrog during the first quarter worth $10,228,000. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FROG. Oppenheimer lifted their price target on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Truist Financial lifted their target price on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Scotiabank started coverage on shares of JFrog in a report on Thursday, March 7th. They set a “buy” rating for the company. Needham & Company LLC boosted their price objective on shares of JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Finally, Cantor Fitzgerald boosted their price objective on shares of JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $43.46.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the sale, the chief technology officer now directly owns 6,731,371 shares of the company’s stock, valued at approximately $260,504,057.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the transaction, the director now directly owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 40,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the transaction, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. Insiders have sold 502,555 shares of company stock valued at $22,219,617 in the last ninety days. 30.60% of the stock is currently owned by insiders.

JFrog Price Performance

FROG stock opened at $37.49 on Wednesday. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -62.48 and a beta of 0.99. The company has a 50 day simple moving average of $42.29 and a 200 day simple moving average of $33.66.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. On average, equities research analysts anticipate that JFrog Ltd. will post -0.21 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.