JFrog Ltd. (NASDAQ:FROG) Shares Sold by Washington Harbour Partners LP

Washington Harbour Partners LP trimmed its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 116,767 shares of the company's stock after selling 30,300 shares during the period. JFrog comprises approximately 6.4% of Washington Harbour Partners LP's holdings, making the stock its 6th largest holding. Washington Harbour Partners LP owned about 0.11% of JFrog worth $3,434,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of JFrog by 91.1% in the 4th 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 last quarter. KBC Group NV boosted its position in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog in the 4th quarter worth $131,000. Tower Research Capital LLC TRC boosted its position in shares of JFrog by 33,106.3% in the 4th 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 position in shares of JFrog in the 4th quarter worth $193,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Performance

JFrog stock traded down $0.28 during midday trading on Friday, reaching $42.49. 598,433 shares of the company's stock were exchanged, 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 firm has a market cap of $4.87 billion, a price-to-earnings ratio of -67.44 and a beta of 0.97. The stock's 50-day simple moving average is $34.51 and its 200 day simple moving average is $33.68.

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

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.56, for a total value of $711,200.00. Following the completion of the sale, the chief technology officer now directly owns 6,456,901 shares in the company, valued at approximately $229,607,399.56. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Eduard Grabscheid sold 6,672 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders sold a total of 212,548 shares of company stock worth $7,167,041 over the last quarter. Company insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on FROG. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price objective on shares of JFrog in a research note on Monday, May 5th. Barclays dropped their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Raymond James started coverage on JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target on the stock. Finally, Morgan Stanley lifted their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

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.