Y.D. More Investments Ltd Cuts Stock Position in JFrog Ltd. (NASDAQ:FROG)

Key Points

• Y.D. More Investments Ltd reduced its holdings in JFrog Ltd. by 30.9%, owning 58,150 shares worth approximately $1.86 million after selling 26,050 shares.
• JFrog reported $0.20 earnings per share for the last quarter, surpassing analyst estimates of $0.16, with revenue growth of 22% year-over-year.
• Institutional investors collectively own 85.02% of JFrog's stock, indicating strong institutional interest despite recent insider selling activity.

Y.D. More Investments Ltd decreased its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,150 shares of the company's stock after selling 26,050 shares during the quarter. Y.D. More Investments Ltd owned 0.05% of JFrog worth $1,861,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares during the period. PNC Financial Services Group Inc. increased its holdings in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the period. Bayforest Capital Ltd acquired a new stake in JFrog in the 1st quarter valued at about $104,000. Tower Research Capital LLC TRC boosted its stake in shares of JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after buying an additional 5,297 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of JFrog by 10.2% in the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after buying an additional 548 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Down 0.7%

NASDAQ FROG opened at $42.02 on Thursday. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -59.18 and a beta of 1.06. The business's 50 day moving average is $42.19 and its two-hundred day moving average is $37.75. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $45.99.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. JFrog's quarterly revenue was up 22.0% on a year-over-year basis. Equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and issued a $45.00 target price (up previously from $42.00) on shares of JFrog in a report on Monday, July 21st. Morgan Stanley raised their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. 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 note on Friday, May 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Finally, Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.94.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 50,000 shares of JFrog stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00. Following the completion of the sale, the chief technology officer directly owned 6,371,086 shares in the company, valued at approximately $275,613,180.36. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the sale, the executive directly owned 686,360 shares in the company, valued at $29,623,297.60. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,338 shares of company stock worth $11,050,150. Company insiders own 14.10% of the company's stock.

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.

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