Migdal Insurance & Financial Holdings Ltd. Decreases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Migdal Insurance & Financial Holdings Ltd. cut its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 39.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake 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 valued at $35,000 after buying an additional 574 shares during the period. Signaturefd LLC lifted its stake in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 5,297 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of JFrog in the fourth quarter valued at approximately $212,000. Finally, IVC Wealth Advisors LLC acquired a new position in JFrog during the first quarter worth $220,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on FROG shares. DA Davidson boosted 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. Barclays reiterated an "overweight" rating and set a $45.00 target price (up from $42.00) on shares of JFrog in a research report on Monday. Raymond James Financial set a $50.00 target price on JFrog and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Morgan Stanley upped their price objective on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.25.

JFrog Price Performance

Shares of FROG traded down $0.30 during midday trading on Monday, hitting $41.95. The stock had a trading volume of 577,980 shares, compared to its average volume of 1,123,163. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -59.08 and a beta of 1.06. The company has a 50 day simple moving average of $42.20 and a two-hundred day simple moving average of $36.85. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same period in the prior year, the business earned $0.16 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at $176,846,354.13. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 15,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 4,981,412 shares of the company's stock, valued at approximately $207,973,951. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,338 shares of company stock worth $11,050,150 over the last ninety days. Insiders own 14.10% of the company's stock.

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.