Cwm LLC Sells 46,302 Shares of JFrog Ltd. (NASDAQ:FROG)

CWM LLC lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 92.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,003 shares of the company's stock after selling 46,302 shares during the quarter. CWM LLC's holdings in JFrog were worth $128,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after acquiring an additional 5,297 shares during the period. IVC Wealth Advisors LLC bought a new position in JFrog in the first quarter valued at about $220,000. BNP Paribas Financial Markets bought a new position in shares of JFrog in the fourth quarter worth about $212,000. Probity Advisors Inc. bought a new position in shares of JFrog in the fourth quarter worth about $222,000. Finally, Aquatic Capital Management LLC bought a new position in shares of JFrog in the fourth quarter worth about $223,000. Institutional investors own 85.02% of the company's stock.

JFrog Price Performance

Shares of FROG stock traded down $1.49 during trading hours on Friday, reaching $41.92. 865,997 shares of the company were exchanged, compared to its average volume of 806,641. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.99. The stock's fifty day moving average is $42.20 and its two-hundred day moving average is $37.55. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -59.04 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 22.0% on a year-over-year basis. On average, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

FROG has been the topic of several recent research reports. Scotiabank decreased their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. DA Davidson increased their target price on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 target price on shares of JFrog in a research report on Monday, May 5th. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Finally, Barclays reiterated an "overweight" rating and set a $45.00 target price (up previously from $42.00) on shares of JFrog in a research report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.25.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 15,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $41.75, for a total transaction of $626,250.00. Following the completion of the sale, the chief executive officer owned 4,981,412 shares in the company, valued at approximately $207,973,951. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eduard Grabscheid sold 13,043 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total transaction of $586,935.00. Following the sale, the chief financial officer owned 159,887 shares of the company's stock, valued at approximately $7,194,915. This represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is owned by company insiders.

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.