JFrog Ltd. (NASDAQ:FROG) Holdings Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in shares of JFrog Ltd. (NASDAQ:FROG) by 30.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 91,006 shares of the company’s stock after selling 38,916 shares during the period. Squarepoint Ops LLC’s holdings in JFrog were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the 1st quarter worth about $44,000. Advisors Asset Management Inc. boosted its stake in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares during the period. RiverPark Advisors LLC bought a new position in shares of JFrog during the first quarter valued at approximately $140,000. Duality Advisers LP acquired a new stake in shares of JFrog during the 1st quarter worth approximately $205,000. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog in the 2nd quarter worth approximately $187,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Activity

In other news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the chief technology officer now owns 6,627,242 shares in the company, valued at approximately $185,562,776. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the sale, the director now directly owns 4,549,432 shares in the company, valued at approximately $176,290,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief technology officer now directly owns 6,627,242 shares in the company, valued at $185,562,776. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,481 shares of company stock worth $6,407,447. 15.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Canaccord Genuity Group dropped their target price on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Scotiabank decreased their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird initiated coverage on JFrog in a report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Baird R W raised JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.28.

JFrog Stock Down 3.0 %

NASDAQ:FROG opened at $28.16 on Wednesday. The stock has a fifty day simple moving average of $29.54 and a 200 day simple moving average of $34.61. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -59.91 and a beta of 0.93. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81.

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 business had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. Equities analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current 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.