Legal & General Group Plc cut its stake in JFrog Ltd. (NASDAQ:FROG – Free Report) by 2.4% during the fourth quarter, HoldingsChannel reports. The fund owned 534,617 shares of the company’s stock after selling 13,140 shares during the quarter. Legal & General Group Plc’s holdings in JFrog were worth $33,392,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of JFrog in the fourth quarter worth $30,000. Farther Finance Advisors LLC increased its stake in shares of JFrog by 318.7% in the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the last quarter. First Horizon Corp acquired a new position in shares of JFrog in the fourth quarter worth $47,000. Aster Capital Management DIFC Ltd acquired a new position in shares of JFrog in the third quarter worth $56,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of JFrog by 1,086.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 1,152 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.
JFrog Price Performance
JFrog stock opened at $79.48 on Friday. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of -149.96 and a beta of 1.02. JFrog Ltd. has a one year low of $34.05 and a one year high of $79.87. The company’s fifty day moving average price is $54.17 and its two-hundred day moving average price is $55.21.
Insider Activity at JFrog
In other JFrog news, CTO Yoav Landman sold 75,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $64.22, for a total transaction of $4,816,500.00. Following the completion of the sale, the chief technology officer directly owned 5,753,437 shares in the company, valued at $369,485,724.14. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 1,368 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $72.40, for a total transaction of $99,043.20. Following the sale, the director owned 21,944 shares of the company’s stock, valued at $1,588,745.60. This trade represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 563,318 shares of company stock valued at $30,313,171. 11.80% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of JFrog from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. DA Davidson set a $90.00 target price on shares of JFrog in a research report on Friday, May 8th. Truist Financial increased their target price on shares of JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group lowered their target price on shares of JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, UBS Group increased their target price on shares of JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and an average target price of $76.63.
Check Out Our Latest Stock Analysis on JFrog
JFrog Company Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
Featured Articles
- Five stocks we like better than JFrog
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding FROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JFrog Ltd. (NASDAQ:FROG – Free Report).
Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.
