Migdal Insurance & Financial Holdings Ltd. Sells 350,000 Shares of JFrog Ltd. (NASDAQ:FROG)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,047 shares of the company's stock after selling 350,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.47% of JFrog worth $17,410,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FROG. Jones Financial Companies Lllp increased its stake in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares during the period. Swiss National Bank grew its position in JFrog by 2.6% during the fourth quarter. Swiss National Bank now owns 184,600 shares of the company's stock worth $5,429,000 after buying an additional 4,700 shares during the period. Teacher Retirement System of Texas acquired a new position in JFrog during the fourth quarter worth about $675,000. Sei Investments Co. grew its position in JFrog by 9.2% during the fourth quarter. Sei Investments Co. now owns 60,485 shares of the company's stock worth $1,779,000 after buying an additional 5,105 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in JFrog during the fourth quarter worth about $571,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FROG. Morgan Stanley upped their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Barclays reduced their price target on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. DA Davidson upped their price target on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Scotiabank reduced their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.06.

Insiders Place Their Bets

In other JFrog news, CFO Eduard Grabscheid sold 13,043 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total value of $586,935.00. Following the completion of the sale, the chief financial officer owned 159,887 shares in the company, valued at $7,194,915. This represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 50,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $43.26, for a total value of $2,163,000.00. Following the completion of the sale, the chief technology officer owned 6,371,086 shares of the company's stock, valued at approximately $275,613,180.36. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,338 shares of company stock worth $11,050,150. 14.10% of the stock is currently owned by corporate insiders.

JFrog Stock Up 3.1%

NASDAQ FROG traded up $1.29 on Friday, reaching $42.25. The company had a trading volume of 1,195,520 shares, compared to its average volume of 1,125,352. The stock has a market capitalization of $4.84 billion, a P/E ratio of -59.51 and a beta of 1.06. The company's fifty day moving average is $42.20 and its 200 day moving average is $36.81. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10.

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