Bank of America Corp DE Sells 445,175 Shares of JFrog Ltd. (NASDAQ:FROG)

Bank of America Corp DE decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,345,072 shares of the company's stock after selling 445,175 shares during the quarter. Bank of America Corp DE owned about 1.32% of JFrog worth $39,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 574 shares during the period. KBC Group NV raised its holdings in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog during the 4th quarter valued at about $131,000. Tower Research Capital LLC TRC increased its position in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after purchasing an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog during the 4th quarter worth $193,000. 85.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other JFrog news, CFO Eduard Grabscheid sold 6,672 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now directly owns 166,236 shares of the company's stock, valued at approximately $6,075,925.80. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Tali Notman sold 16,548 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $604,829.40. Following the sale, the executive now directly owns 744,903 shares of the company's stock, valued at $27,226,204.65. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 212,548 shares of company stock valued at $7,167,041 over the last 90 days. Company insiders own 14.10% of the company's stock.

JFrog Trading Down 0.0%

NASDAQ:FROG traded down $0.02 during mid-day trading on Wednesday, reaching $43.53. The company's stock had a trading volume of 96,528 shares, compared to its average volume of 1,135,188. The stock has a market cap of $4.99 billion, a P/E ratio of -69.06 and a beta of 0.97. The firm's fifty day moving average price is $33.99 and its two-hundred day moving average price is $33.43. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of research reports. Raymond James assumed coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Truist Financial raised their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Barclays cut their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Three equities research 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 data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average target price of $41.65.

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.