Sanctuary Advisors LLC Has $321,000 Stock Position in JFrog Ltd. (NASDAQ:FROG)

Sanctuary Advisors LLC increased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 99.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,972 shares of the company’s stock after buying an additional 4,967 shares during the period. Sanctuary Advisors LLC’s holdings in JFrog were worth $321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of JFrog by 35.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,613 shares of the company’s stock worth $924,000 after purchasing an additional 6,421 shares during the period. Principal Financial Group Inc. boosted its position in shares of JFrog by 14.9% in the second quarter. Principal Financial Group Inc. now owns 923,046 shares of the company’s stock valued at $34,660,000 after acquiring an additional 119,792 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of JFrog in the second quarter worth $210,000. Van ECK Associates Corp increased its position in JFrog by 18.4% during the second quarter. Van ECK Associates Corp now owns 36,652 shares of the company’s stock worth $1,376,000 after acquiring an additional 5,686 shares during the period. Finally, Fiera Capital Corp raised its stake in JFrog by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 1,592,736 shares of the company’s stock valued at $59,807,000 after purchasing an additional 18,865 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the completion of the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at approximately $2,976,156. The trade was a 0.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 256,921 shares of company stock valued at $7,927,309. 15.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. KeyCorp raised their price objective on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Barclays decreased their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $37.72.

JFrog Stock Performance

NASDAQ FROG opened at $29.56 on Friday. The stock has a market capitalization of $3.01 billion, a P/E ratio of -55.77 and a beta of 0.94. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The stock has a fifty day moving average of $30.67 and a 200-day moving average of $31.24.

About JFrog

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.