Two Sigma Investments LP Sells 24,570 Shares of JFrog Ltd. (NASDAQ:FROG)

Two Sigma Investments LP decreased its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,530 shares of the company's stock after selling 24,570 shares during the quarter. Two Sigma Investments LP's holdings in JFrog were worth $957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of JFrog during the fourth quarter worth about $32,878,000. Raymond James Financial Inc. acquired a new position in JFrog during the 4th quarter worth approximately $30,554,000. Champlain Investment Partners LLC grew its stake in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after acquiring an additional 797,949 shares in the last quarter. Bamco Inc. NY bought a new position in shares of JFrog during the 4th quarter worth approximately $21,322,000. Finally, Daventry Group LP raised its holdings in shares of JFrog by 103.0% in the fourth quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock valued at $41,283,000 after purchasing an additional 712,373 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

Insider Activity at JFrog

In other news, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the transaction, the chief executive officer now owns 4,929,755 shares in the company, valued at $148,089,840.20. This trade represents a 0.36% 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. 14.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FROG has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price 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. Canaccord Genuity Group increased their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Scotiabank reduced their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Finally, Needham & Company LLC raised their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.44.

JFrog Trading Down 0.5%

Shares of NASDAQ:FROG traded down $0.22 on Tuesday, hitting $42.22. The company had a trading volume of 1,410,387 shares, compared to its average volume of 1,134,910. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -67.02 and a beta of 1.07. The stock has a 50 day moving average price of $36.86 and a 200 day moving average price of $34.66. JFrog Ltd. has a 1-year low of $22.91 and a 1-year 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 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

About JFrog

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.