Amundi Trims Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Amundi trimmed its position in JFrog Ltd. (NASDAQ:FROG) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,306 shares of the company’s stock after selling 1,064 shares during the period. Amundi’s holdings in JFrog were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares in the last quarter. West Tower Group LLC bought a new stake in JFrog in the third quarter worth $116,000. KBC Group NV boosted its holdings in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new stake in JFrog in the fourth quarter worth $131,000. Finally, SG Americas Securities LLC bought a new stake in JFrog in the fourth quarter worth $193,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Performance

FROG stock opened at $33.98 on Friday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.94. The business’s 50-day moving average is $35.50 and its two-hundred day moving average is $31.88. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -53.94 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on FROG shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays upped their price target on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC upped their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.06.

Insiders Place Their Bets

In other JFrog news, CFO Eduard Grabscheid sold 11,942 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the completion of the sale, the chief financial officer now owns 172,406 shares in the company, valued at $7,411,733.94. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the sale, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 439,104 shares of company stock worth $15,514,264 over the last quarter. 15.70% of the stock is currently owned by corporate insiders.

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.