Fmr LLC Lowers Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Fmr LLC lowered its position in shares of JFrog Ltd. (NASDAQ:FROG) by 98.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,563 shares of the company’s stock after selling 1,078,073 shares during the period. Fmr LLC’s holdings in JFrog were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FROG. D.A. Davidson & CO. bought a new position in JFrog in the 3rd quarter worth about $444,000. West Tower Group LLC purchased a new position in shares of JFrog during the third quarter worth about $116,000. Summit Trail Advisors LLC grew its holdings in shares of JFrog by 5.3% during the third quarter. Summit Trail Advisors LLC now owns 55,919 shares of the company’s stock worth $1,624,000 after purchasing an additional 2,825 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of JFrog in the third quarter worth approximately $32,401,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in JFrog by 1,277.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,762 shares of the company’s stock valued at $6,730,000 after purchasing an additional 214,935 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. KeyCorp upped their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Needham & Company LLC raised their price target on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays dropped their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yossi Sela sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total value of $796,500.00. Following the transaction, the director now directly owns 355,129 shares of the company’s stock, valued at $11,314,409.94. The trade was a 6.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 256,921 shares of company stock worth $7,927,309. 15.70% of the stock is currently owned by company insiders.

JFrog Stock Up 0.3 %

NASDAQ:FROG opened at $30.56 on Friday. The firm has a market capitalization of $3.11 billion, a P/E ratio of -57.66 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 company has a fifty day moving average of $30.75 and a 200 day moving average of $31.31.

JFrog 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.