JFrog Ltd. (NASDAQ:FROG) Shares Sold by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,467,228 shares of the company’s stock after selling 114,442 shares during the period. JFrog comprises approximately 7.2% of Praesidium Investment Management Company LLC’s investment portfolio, making the stock its 7th biggest holding. Praesidium Investment Management Company LLC owned approximately 1.44% of JFrog worth $43,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the period. KBC Group NV raised its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the period. BankPlus Trust Department acquired a new position in shares of JFrog in the fourth quarter worth about $131,000. Tower Research Capital LLC TRC raised its position in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after acquiring an additional 5,297 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of JFrog in the fourth quarter worth about $193,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FROG has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Scotiabank reduced their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and a consensus target price of $41.65.

JFrog Trading Up 1.4%

Shares of NASDAQ FROG opened at $42.77 on Thursday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.59. The stock has a market cap of $4.90 billion, a PE ratio of -67.89 and a beta of 0.97. The company has a 50-day moving average of $33.20 and a 200 day moving average of $33.03.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same quarter in the prior year, the company earned $0.16 EPS. JFrog’s revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 41,829 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the sale, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yossi Sela sold 14,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the sale, the director now owns 306,277 shares of the company’s stock, valued at $12,410,344.04. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 238,790 shares of company stock worth $8,259,863 in the last 90 days. Insiders own 14.10% 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.