JFrog Ltd. (NASDAQ:FROG) Shares Sold by Trigran Investments Inc.

Trigran Investments Inc. lessened its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 821,250 shares of the company's stock after selling 10,000 shares during the quarter. JFrog comprises approximately 2.8% of Trigran Investments Inc.'s portfolio, making the stock its 16th largest position. Trigran Investments Inc. owned about 0.81% of JFrog worth $24,153,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of JFrog by 4.3% during the third quarter. State Street Corp now owns 260,425 shares of the company's stock valued at $7,563,000 after acquiring an additional 10,634 shares during the last quarter. Geode Capital Management LLC increased its holdings in JFrog by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company's stock valued at $3,939,000 after purchasing an additional 2,183 shares during the last quarter. Sanctuary Advisors LLC raised its position in JFrog by 99.2% in the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company's stock valued at $321,000 after purchasing an additional 4,967 shares during the period. Tidal Investments LLC raised its position in JFrog by 4.6% in the third quarter. Tidal Investments LLC now owns 79,345 shares of the company's stock valued at $2,304,000 after purchasing an additional 3,507 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after purchasing an additional 514,895 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Price Performance

Shares of FROG traded up $0.62 during mid-day trading on Friday, reaching $33.85. The company's stock had a trading volume of 332,727 shares, compared to its average volume of 1,144,439. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.00. The stock has a market cap of $3.88 billion, a PE ratio of -53.74 and a beta of 0.98. The company's 50 day moving average is $33.55 and its 200 day moving average is $32.44.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FROG has been the topic of several research analyst reports. DA Davidson cut their price objective on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial lifted their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Raymond James assumed coverage on shares of JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Barclays increased their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the transaction, the chief executive officer now owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederic Simon sold 20,000 shares of JFrog stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total value of $573,200.00. Following the sale, the director now owns 4,354,432 shares in the company, valued at $124,798,021.12. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 429,104 shares of company stock worth $15,084,429 in the last ninety days. 14.10% of the stock is owned by corporate insiders.

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.