Raymond James & Associates Sells 3,460 Shares of JFrog Ltd. (NASDAQ:FROG)

Raymond James & Associates lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 18.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,403 shares of the company’s stock after selling 3,460 shares during the period. Raymond James & Associates’ holdings in JFrog were worth $533,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in JFrog by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after buying an additional 679,007 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of JFrog by 48.8% in the third 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 during the last quarter. William Blair Investment Management LLC grew its stake in shares of JFrog by 6.3% during the third quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock valued at $43,965,000 after purchasing an additional 102,561 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of 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 in the last quarter. Finally, Fiera Capital Corp raised its position in JFrog by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 1,522,031 shares of the company’s stock worth $38,599,000 after purchasing an additional 38,227 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank Of America (Bofa) lifted their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Needham & Company LLC upped their target price on shares of JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Oppenheimer lifted their price target on shares of JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, KeyCorp started 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 equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.46.

Insider Buying and Selling

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the transaction, the director now owns 4,654,432 shares in the company, valued at $181,383,215.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the sale, the director now directly owns 4,654,432 shares in the company, valued at $181,383,215.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $38.70, for a total value of $1,548,000.00. Following the transaction, the chief technology officer now directly owns 6,731,371 shares of the company’s stock, valued at $260,504,057.70. The disclosure for this sale can be found here. In the last three months, insiders sold 501,355 shares of company stock valued at $22,340,017. 30.60% of the stock is owned by corporate insiders.

JFrog Stock Up 1.6 %

Shares of NASDAQ FROG opened at $40.47 on Friday. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81. The company’s fifty day moving average is $42.27 and its 200-day moving average is $34.21. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of -67.45 and a beta of 0.99.

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