JFrog Ltd. (NASDAQ:FROG) Stock Position Lessened by Washington Harbour Partners LP

Washington Harbour Partners LP trimmed its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,767 shares of the company's stock after selling 30,300 shares during the quarter. JFrog accounts for about 6.4% of Washington Harbour Partners LP's portfolio, making the stock its 6th largest position. Washington Harbour Partners LP owned approximately 0.11% of JFrog worth $3,434,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in JFrog by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after purchasing an additional 80,432 shares in the last quarter. abrdn plc raised its stake in shares of 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 349,532 shares during the period. Peregrine Capital Management LLC boosted its position in JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock valued at $9,642,000 after buying an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in JFrog by 12.0% in the 4th 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 period. Institutional investors and hedge funds own 85.02% of the company's stock.

Insiders Place Their Bets

In related news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the transaction, the director now directly owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total value of $579,436.00. Following the sale, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,848 shares of company stock valued at $7,746,477. Insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FROG. Needham & Company LLC raised their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Stifel Nicolaus lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Raymond James began coverage on JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 target price on the stock. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.65.

JFrog Stock Down 1.0%

Shares of NASDAQ FROG opened at $42.66 on Tuesday. The firm has a 50-day simple moving average of $33.77 and a 200-day simple moving average of $33.36. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of -67.71 and a beta of 0.97. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) 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 company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same quarter in the prior year, the company earned $0.16 EPS. JFrog's revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

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.

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