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

Two Sigma Investments LP lessened its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,530 shares of the company's stock after selling 24,570 shares during the period. Two Sigma Investments LP's holdings in JFrog were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Two Sigma Advisers LP lifted its stake in JFrog by 20.9% during the fourth quarter. Two Sigma Advisers LP now owns 57,900 shares of the company's stock worth $1,703,000 after purchasing an additional 10,000 shares during the last quarter. State of Wyoming bought a new stake in shares of JFrog during the 4th quarter worth $240,000. Snowden Capital Advisors LLC lifted its position in shares of JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after buying an additional 564 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in JFrog by 24.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 389,252 shares of the company's stock valued at $11,448,000 after buying an additional 76,228 shares in the last quarter. Finally, Sphera Funds Management LTD. grew its position in JFrog by 58.1% in the fourth quarter. Sphera Funds Management LTD. now owns 190,381 shares of the company's stock valued at $5,599,000 after acquiring an additional 70,000 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Down 1.0%

NASDAQ:FROG traded down $0.43 on Friday, reaching $42.75. 1,026,727 shares of the stock traded hands, compared to its average volume of 1,133,445. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.10. The company's 50 day moving average is $36.45 and its 200-day moving average is $34.52. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -67.86 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total value of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares in the company, valued at approximately $148,089,840.20. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the transaction, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. This represents a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,818 shares of company stock valued at $3,474,896 in the last ninety days. 14.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of research reports. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Barclays dropped their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. KeyCorp reaffirmed an "overweight" rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Truist Financial upped their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Three investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

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.