JFrog Ltd. (NASDAQ:FROG) Stock Position Reduced by Cercano Management LLC

Cercano Management LLC trimmed its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 52.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 809,115 shares of the company's stock after selling 878,914 shares during the quarter. Cercano Management LLC owned about 0.79% of JFrog worth $23,796,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JFrog by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after buying an additional 80,432 shares during the last quarter. abrdn plc increased its holdings in shares of JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock valued at $22,784,000 after acquiring an additional 30,392 shares during the period. Vanguard Group Inc. boosted its stake in JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares during the period. Peregrine Capital Management LLC boosted its stake in JFrog by 11.9% during the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after purchasing an additional 34,900 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after purchasing an additional 365,376 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FROG shares. Barclays lowered their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday. Canaccord Genuity Group boosted their target price on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. KeyCorp reissued an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Truist Financial lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.65.

Insider Activity

In related news, CTO Yoav Landman sold 20,000 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the transaction, the chief technology officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 6,672 shares of JFrog stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the completion of the transaction, the chief financial officer now owns 166,236 shares in the company, valued at $6,075,925.80. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 298,542 shares of company stock valued at $10,443,488 over the last quarter. Company insiders own 14.10% of the company's stock.

JFrog Stock Up 9.8 %

Shares of FROG traded up $3.45 during trading hours on Friday, reaching $38.71. 3,227,097 shares of the company traded hands, compared to its average volume of 1,135,392. The stock has a fifty day simple moving average of $32.81 and a 200 day simple moving average of $32.79. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The stock has a market capitalization of $4.43 billion, a PE ratio of -61.44 and a beta of 0.97.

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, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million during 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%. The company's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 earnings per share. Research analysts predict that JFrog Ltd. will post -0.33 EPS 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.