Handelsbanken Fonder AB Has $688,000 Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Handelsbanken Fonder AB lifted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 53.9% during the 3rd quarter, Holdings Channel reports. The firm owned 23,700 shares of the company’s stock after purchasing an additional 8,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in JFrog were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog during the 1st quarter worth about $44,000. Advisors Asset Management Inc. increased its stake in shares of JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 shares during the last quarter. RiverPark Advisors LLC acquired a new position in shares of JFrog during the 1st quarter worth about $140,000. Duality Advisers LP acquired a new position in shares of JFrog during the 1st quarter worth about $205,000. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog during the 2nd quarter worth about $187,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FROG has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Wednesday, September 11th. Stifel Nicolaus reduced their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Baird R W raised shares of JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Scotiabank reduced their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 target price on shares of JFrog in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.28.

JFrog Trading Up 4.5 %

NASDAQ:FROG opened at $31.05 on Friday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -69.00 and a beta of 0.94. The firm has a fifty day simple moving average of $28.08 and a two-hundred day simple moving average of $33.82. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company 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 fiscal year.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 5,027,493 shares in the company, valued at $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ben Haim Shlomi sold 20,606 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Yoav Landman sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.23, for a total transaction of $930,750.00. Following the transaction, the chief technology officer now directly owns 6,657,242 shares in the company, valued at $247,849,119.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,481 shares of company stock worth $5,861,597 over the last three months. 15.70% of the stock is currently owned by insiders.

JFrog Company 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.