JFrog Ltd. (NASDAQ:FROG) Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. cut its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,600 shares of the company's stock after selling 48,870 shares during the quarter. Ashford Capital Management Inc. owned 0.33% of JFrog worth $9,782,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FROG. JPMorgan Chase & Co. grew its stake in shares of JFrog by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after buying an additional 80,432 shares in the last quarter. abrdn plc grew its position 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 acquiring an additional 30,392 shares in the last quarter. Vanguard Group Inc. increased its stake in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after acquiring an additional 349,532 shares during the last quarter. Peregrine Capital Management LLC increased its stake in JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after acquiring an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after buying an additional 365,376 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on FROG shares. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 target price on shares of JFrog in a research report on Monday, May 5th. Morgan Stanley raised their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial raised their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

Insider Activity

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

JFrog Price Performance

Shares of FROG stock traded down $0.28 during mid-day trading on Friday, hitting $42.49. 598,433 shares of the stock traded hands, compared to its average volume of 1,136,429. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.79. The stock has a market cap of $4.87 billion, a P/E ratio of -67.44 and a beta of 0.97. The stock's fifty day moving average is $34.51 and its two-hundred day moving average is $33.68.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.