Royce & Associates LP Reduces Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Royce & Associates LP lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 11.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 400,803 shares of the company’s stock after selling 52,000 shares during the quarter. Royce & Associates LP’s holdings in JFrog were worth $11,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in JFrog in the 2nd quarter valued at $6,576,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in JFrog by 30.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after buying an additional 210,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of JFrog by 394.2% during the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after acquiring an additional 22,864 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in shares of JFrog during the first quarter valued at approximately $5,337,000. Finally, Quadrature Capital Ltd lifted its position in shares of JFrog by 86.8% in the first quarter. Quadrature Capital Ltd now owns 119,025 shares of the company’s stock valued at $5,263,000 after acquiring an additional 55,296 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Trading Down 2.4 %

FROG opened at $30.72 on Friday. The stock’s 50 day simple moving average is $29.47 and its 200-day simple moving average is $32.01. The stock has a market cap of $3.13 billion, a PE ratio of -57.96 and a beta of 0.93. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent research reports. Robert W. Baird increased their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Canaccord Genuity Group lowered their target price on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Scotiabank increased their price target on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Stifel Nicolaus lowered their price objective on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley cut their target price on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.72.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,806 shares of company stock worth $4,185,802 over the last three months. Company insiders own 15.70% of the company’s stock.

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.