JFrog Ltd. (NASDAQ:FROG) Shares Sold by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC decreased its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467,228 shares of the company's stock after selling 114,442 shares during the quarter. JFrog accounts for about 7.2% of Praesidium Investment Management Company LLC's holdings, making the stock its 7th biggest position. Praesidium Investment Management Company LLC owned about 1.44% of JFrog worth $43,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FROG. Jones Financial Companies Lllp raised its position in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV boosted its stake in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department purchased a new stake in JFrog during the 4th quarter worth about $131,000. Tower Research Capital LLC TRC raised its stake in 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 purchasing an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in JFrog in the 4th quarter valued at about $193,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FROG. Raymond James started coverage on shares of JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Barclays cut their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley increased their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.65.

Insider Buying and Selling

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 completion of the transaction, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was 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 of the company's stock, valued at approximately $148,089,840.20. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,848 shares of company stock worth $7,746,477 in the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

JFrog Price Performance

Shares of JFrog stock traded down $0.45 on Monday, hitting $42.66. The company had a trading volume of 1,072,450 shares, compared to its average volume of 1,139,895. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.79. The company has a market cap of $4.89 billion, a PE ratio of -67.71 and a beta of 0.97. The business has a 50-day simple moving average of $33.58 and a 200-day simple moving average of $33.27.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same period last year, the firm earned $0.16 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

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.