Peregrine Capital Management LLC Sells 21,679 Shares of JFrog Ltd. (NASDAQ:FROG)

Peregrine Capital Management LLC lowered its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,156 shares of the company's stock after selling 21,679 shares during the period. Peregrine Capital Management LLC owned approximately 0.27% of JFrog worth $9,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. US Bancorp DE grew its holdings in shares of JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after acquiring an additional 512 shares in the last quarter. Jones Financial Companies Lllp grew its stake in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares in the last quarter. Assetmark Inc. increased its position in JFrog by 3.9% in the 4th quarter. Assetmark Inc. now owns 60,368 shares of the company's stock worth $1,775,000 after purchasing an additional 2,263 shares during the last quarter. Arizona State Retirement System raised its stake in shares of JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of JFrog during the 4th quarter valued at about $30,554,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 23,157 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares of the company's stock, valued at $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 54,279 shares of JFrog stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.07, for a total value of $2,337,796.53. Following the sale, the chief executive officer directly owned 4,996,412 shares in the company, valued at $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,113 shares of company stock worth $8,568,964 in the last ninety days. Company insiders own 14.10% of the company's stock.

Analyst Upgrades and Downgrades

FROG has been the subject of several recent research reports. DA Davidson boosted their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 target price on shares of JFrog in a research report on Monday, May 5th. Raymond James Financial set a $50.00 price target on JFrog and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research note on Sunday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, JFrog has an average rating of "Moderate Buy" and a consensus price target of $42.06.

JFrog Trading Up 1.6%

NASDAQ:FROG traded up $0.65 during trading hours on Thursday, hitting $42.00. 1,056,669 shares of the company traded hands, compared to its average volume of 1,119,019. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -59.15 and a beta of 1.06. The firm has a 50-day moving average of $40.59 and a 200 day moving average of $35.87. 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 data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Equities research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal 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.