JFrog Ltd. (NASDAQ:FROG) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,024 shares of the company’s stock after selling 2,100 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in JFrog were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co grew its holdings in JFrog by 74.0% in the fourth quarter. Diversified Trust Co now owns 27,962 shares of the company’s stock valued at $822,000 after purchasing an additional 11,890 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after buying an additional 159,483 shares in the last quarter. Principal Financial Group Inc. grew its stake in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Tidal Investments LLC increased its holdings in JFrog by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock valued at $2,304,000 after acquiring an additional 3,507 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in JFrog by 99.2% during the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock worth $321,000 after acquiring an additional 4,967 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 2.0 %

Shares of JFrog stock opened at $31.93 on Wednesday. The stock has a market capitalization of $3.25 billion, a P/E ratio of -60.25 and a beta of 0.95. The business’s fifty day moving average price is $30.92 and its 200 day moving average price is $30.91. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

Insider Activity

In other news, CFO Eduard Grabscheid sold 834 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 97,260 shares of the company’s stock, valued at $2,976,156. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the sale, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 239,146 shares of company stock valued at $7,431,754 in the last three months. Corporate insiders own 15.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird raised their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, Scotiabank upped their target price 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. Three 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

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.