JFrog Ltd. (NASDAQ:FROG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 30.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,006 shares of the company’s stock after selling 38,916 shares during the quarter. Squarepoint Ops LLC owned 0.09% of JFrog worth $3,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FROG. Assenagon Asset Management S.A. acquired a new stake in shares of JFrog in the 2nd quarter worth $6,576,000. Quadrature Capital Ltd acquired a new position in JFrog during the 4th quarter worth approximately $2,206,000. Russell Investments Group Ltd. raised its stake in shares of JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock worth $1,268,000 after buying an additional 22,864 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of JFrog in the fourth quarter valued at approximately $22,086,000. Finally, Thornburg Investment Management Inc. acquired a new position in JFrog during the first quarter worth $5,337,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at $136,043,960.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the transaction, the director now directly owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. The disclosure for this sale can be found here. In the last three months, insiders sold 195,481 shares of company stock valued at $6,407,447. Company insiders own 15.70% of the company’s stock.

JFrog Stock Performance

JFrog stock opened at $28.16 on Wednesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -59.91 and a beta of 0.93. JFrog Ltd. has a 1 year low of $21.38 and a 1 year high of $48.81. The firm has a 50 day moving average price of $29.54 and a 200 day moving average price of $34.61.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report 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 report on Thursday, August 8th. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Scotiabank decreased their price target on JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of JFrog in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $36.28.

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.