D.A. Davidson & CO. Sells 1,090 Shares of JFrog Ltd. (NASDAQ:FROG)

D.A. Davidson & CO. lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,215 shares of the company’s stock after selling 1,090 shares during the quarter. D.A. Davidson & CO.’s holdings in JFrog were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FROG. Principal Financial Group Inc. raised its holdings in JFrog by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company’s stock worth $43,249,000 after purchasing an additional 32,557 shares in the last quarter. abrdn plc raised its holdings in JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after purchasing an additional 30,392 shares in the last quarter. Washington Capital Management Inc. raised its holdings in JFrog by 44.8% in the fourth quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock worth $618,000 after purchasing an additional 6,500 shares in the last quarter. KBC Group NV raised 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 purchasing an additional 1,105 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in JFrog by 10.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company’s stock worth $2,655,000 after purchasing an additional 8,426 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $36.79 on Wednesday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -58.40 and a beta of 0.97. The stock’s 50-day simple moving average is $33.98 and its two-hundred day simple moving average is $30.96. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65.

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

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $30.26, for a total value of $453,900.00. Following the transaction, the chief technology officer now owns 6,582,242 shares of the company’s stock, valued at $199,178,642.92. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Tali Notman sold 11,529 shares of the firm’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 $352,787.40. Following the completion of the transaction, the executive now directly owns 525,185 shares in the company, valued at $16,070,661. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 437,580 shares of company stock valued at $14,803,200. Insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley raised their price target on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Scotiabank raised their price target on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Truist Financial raised 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, Canaccord Genuity Group raised 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. Three research 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’s stock. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

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.