JFrog Ltd. (NASDAQ:FROG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,776 shares of the company’s stock after selling 4,606 shares during the period. AQR Capital Management LLC’s holdings in JFrog were worth $705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of JFrog by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock valued at $244,192,000 after purchasing an additional 23,030 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of JFrog by 20.5% in the fourth quarter. Quadrature Capital Ltd now owns 63,729 shares of the company’s stock worth $2,206,000 after acquiring an additional 10,856 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in JFrog during the 1st quarter valued at $229,000. Counterpoint Mutual Funds LLC acquired a new stake in JFrog during the 1st quarter valued at $271,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 1st quarter valued at $44,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group reduced their price objective on shares of JFrog from $41.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Piper Sandler lowered their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Canaccord Genuity Group lowered their price objective on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 target price on shares of JFrog in a research report on Monday, September 16th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.28.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the sale, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at approximately $170,572,774.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.29, for a total transaction of $302,674.71. Following the sale, the executive now directly owns 536,714 shares in the company, valued at $15,183,639.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,481 shares of company stock valued at $4,930,847 over the last 90 days. 15.70% of the stock is owned by company insiders.

JFrog Stock Up 4.5 %

Shares of NASDAQ FROG opened at $31.05 on Monday. The firm’s 50-day simple moving average is $28.08 and its 200 day simple moving average is $33.75. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -66.06 and a beta of 0.94. JFrog Ltd. has a 12-month low of $21.38 and a 12-month high of $48.81.

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

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.