Migdal Insurance & Financial Holdings Ltd. Buys 210,000 Shares of JFrog Ltd. (NASDAQ:FROG)

Migdal Insurance & Financial Holdings Ltd. increased its stake in JFrog Ltd. (NASDAQ:FROG) by 30.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 894,047 shares of the company’s stock after acquiring an additional 210,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in JFrog were worth $25,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in JFrog in the third quarter worth approximately $29,000. Advisors Asset Management Inc. grew its stake in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of JFrog in the 2nd quarter worth $187,000. Sanctuary Advisors LLC purchased a new position in shares of JFrog in the 2nd quarter worth $188,000. Finally, US Bancorp DE grew its stake in shares of JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 11,621 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the transaction, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,031 shares of company stock worth $3,618,247 in the last three months. Company insiders own 15.70% of the company’s stock.

Analyst Ratings Changes

FROG has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays reduced their target price on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Needham & Company LLC upped their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer lowered shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, KeyCorp raised their price objective on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

JFrog Price Performance

NASDAQ:FROG traded down $1.76 during trading hours on Friday, reaching $31.10. 2,392,968 shares of the company were exchanged, compared to its average volume of 1,067,334. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The company has a market capitalization of $3.17 billion, a P/E ratio of -69.11 and a beta of 0.93. The business has a 50 day moving average of $29.14 and a 200 day moving average of $32.35.

JFrog (NASDAQ:FROG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.28 earnings per share 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.