Raymond James & Associates Has $4.02 Million Position in JFrog Ltd. (NASDAQ:FROG)

Raymond James & Associates reduced its stake in JFrog Ltd. (NASDAQ:FROG) by 17.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,568 shares of the company’s stock after selling 29,758 shares during the period. Raymond James & Associates’ holdings in JFrog were worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FROG. Allspring Global Investments Holdings LLC boosted its stake in shares of JFrog by 0.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company’s stock valued at $21,686,000 after purchasing an additional 3,344 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of JFrog by 16.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,938 shares of the company’s stock valued at $1,014,000 after purchasing an additional 3,233 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $140,000. Duality Advisers LP acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $205,000. Finally, Swiss National Bank boosted its stake in shares of JFrog by 8.0% in the 1st quarter. Swiss National Bank now owns 165,600 shares of the company’s stock valued at $7,323,000 after purchasing an additional 12,200 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FROG shares. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of JFrog in a research report on Monday, September 16th. Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. UBS Group cut their target price on shares of JFrog from $41.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America cut their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays cut their target price on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average target price of $36.61.

JFrog Trading Up 2.2 %

NASDAQ:FROG opened at $29.83 on Friday. The company has a fifty day moving average of $28.75 and a 200-day moving average of $32.59. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, sell-side analysts predict that JFrog Ltd. will post -0.28 EPS for the current year.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 35,550 shares of JFrog stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Tali Notman sold 10,699 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the sale, the executive now owns 536,714 shares of the company’s stock, valued at $15,183,639.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,031 shares of company stock worth $4,003,447 in the last quarter. 15.70% of the stock is owned by corporate insiders.

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.