Raymond James & Associates Has $4.02 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Raymond James & Associates decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 17.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,568 shares of the company’s stock after selling 29,758 shares during the quarter. Raymond James & Associates owned approximately 0.14% of JFrog worth $4,024,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in JFrog during the third quarter worth $29,000. Advisors Asset Management Inc. boosted its holdings in JFrog by 33.9% during the first 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 JFrog during the first quarter worth $140,000. Duality Advisers LP acquired a new position in JFrog during the first quarter worth $205,000. Finally, SG Americas Securities LLC acquired a new position in JFrog during the second quarter worth $187,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Up 2.2 %

NASDAQ:FROG opened at $29.83 on Friday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The firm’s 50-day simple moving average is $28.75 and its 200 day simple moving average is $32.59.

JFrog (NASDAQ:FROG) last released 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). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The business had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. Research analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,031 shares of company stock valued at $4,003,447. 15.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FROG. DA Davidson reiterated a “buy” rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Robert W. Baird began coverage on shares of JFrog in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price target for the company. KeyCorp increased their price target on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. Finally, UBS Group cut their price target on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.61.

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.