JFrog Ltd. (NASDAQ:FROG) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its position in JFrog Ltd. (NASDAQ:FROGFree Report) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,866 shares of the company’s stock after selling 2,748 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in JFrog were worth $1,445,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FROG. Victory Capital Management Inc. acquired a new position in JFrog during the 3rd quarter valued at approximately $214,000. Arizona State Retirement System boosted its position in JFrog by 9.2% during the 3rd quarter. Arizona State Retirement System now owns 20,306 shares of the company’s stock valued at $515,000 after purchasing an additional 1,713 shares during the period. Barclays PLC boosted its position in JFrog by 8.3% during the 3rd quarter. Barclays PLC now owns 13,173 shares of the company’s stock valued at $334,000 after purchasing an additional 1,012 shares during the period. New York State Common Retirement Fund boosted its position in JFrog by 19.6% during the 3rd quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock valued at $12,544,000 after purchasing an additional 80,913 shares during the period. Finally, Quantbot Technologies LP acquired a new position in JFrog during the 3rd quarter valued at approximately $490,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FROG. Bank Of America (Bofa) boosted their price objective on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. FBN Securities began coverage on JFrog in a research report on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 price objective for the company. UBS Group assumed coverage on JFrog in a research report on Wednesday, May 22nd. They set a “buy” rating and a $41.00 price objective for the company. Oppenheimer boosted their price target on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Finally, Cantor Fitzgerald boosted their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.73.

Read Our Latest Research Report on FROG

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 40,000 shares of the business’s 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 sale, the chief technology officer now directly owns 6,731,371 shares of the company’s stock, valued at $260,504,057.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $32.70, for a total transaction of $1,144,500.00. Following the transaction, the director now directly owns 4,619,432 shares of the company’s stock, valued at $151,055,426.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were 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 in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,658 shares of company stock valued at $8,072,589. Corporate insiders own 15.70% of the company’s stock.

JFrog Price Performance

FROG opened at $32.17 on Friday. JFrog Ltd. has a one year low of $21.38 and a one year high of $48.81. The stock’s fifty day moving average is $38.44 and its 200-day moving average is $36.44.

JFrog (NASDAQ:FROGGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. The company had revenue of $100.31 million for the quarter, compared to the consensus estimate of $98.63 million. As a group, equities research analysts predict that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

About JFrog

(Free Report)

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.

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Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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