Holocene Advisors LP lessened its position in shares of JFrog Ltd. (NASDAQ:FROG) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 23,803 shares during the period. Holocene Advisors LP owned approximately 0.11% of JFrog worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of FROG. Ellevest Inc. increased its holdings in JFrog by 75.9% during the 1st quarter. Ellevest Inc. now owns 670 shares of the company’s stock worth $30,000 after acquiring an additional 289 shares during the period. Bank of Montreal Can increased its holdings in JFrog by 213.8% during the 1st quarter. Bank of Montreal Can now owns 706 shares of the company’s stock worth $35,000 after acquiring an additional 481 shares during the period. Signaturefd LLC increased its holdings in shares of JFrog by 531.1% in the 1st quarter. Signaturefd LLC now owns 1,338 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Citigroup Inc. increased its holdings in shares of JFrog by 31.0% in the 1st quarter. Citigroup Inc. now owns 1,338 shares of the company’s stock worth $59,000 after buying an additional 317 shares during the last quarter. Finally, Albion Financial Group UT bought a new position in shares of JFrog in the 4th quarter worth $63,000. 47.46% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on FROG shares. Berenberg Bank started coverage on shares of JFrog in a report on Friday, April 23rd. They issued a “buy” rating and a $75.00 price target on the stock. Bank of America reissued a “neutral” rating on shares of JFrog in a report on Thursday, May 27th. Morgan Stanley decreased their price target on shares of JFrog from $76.00 to $69.00 and set an “equal weight” rating on the stock in a report on Friday, May 7th. Needham & Company LLC decreased their price target on shares of JFrog from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, May 7th. Finally, Oppenheimer cut their price objective on shares of JFrog from $75.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.30.
JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $44.77 million. JFrog’s quarterly revenue was up 37.5% on a year-over-year basis. As a group, analysts forecast that JFrog Ltd. will post -0.23 earnings per share for the current fiscal year.
JFrog Company Profile
JFrog Ltd. provides DevOps platform to achieve continuous software release management platform enabling organizations to deliver software updates across any system in the United States. Its platform acts as a bridge between software development and deployment, which enables organizations to build and release software faster and securely.
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