Roubaix Capital LLC Sells 28,795 Shares of JFrog Ltd. (NASDAQ:FROG)

Roubaix Capital LLC lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,847 shares of the company's stock after selling 28,795 shares during the period. Roubaix Capital LLC's holdings in JFrog were worth $1,552,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FROG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in JFrog by 28.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,050 shares of the company's stock valued at $306,000 after buying an additional 2,643 shares during the last quarter. Assetmark Inc. raised its position in JFrog by 23.7% in the 3rd quarter. Assetmark Inc. now owns 21,748 shares of the company's stock valued at $552,000 after buying an additional 4,160 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in JFrog by 11,438.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 602,318 shares of the company's stock valued at $15,275,000 after buying an additional 597,098 shares during the last quarter. Summit Trail Advisors LLC raised its position in JFrog by 24.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 11,395 shares of the company's stock valued at $289,000 after buying an additional 2,203 shares during the last quarter. Finally, Cercano Management LLC raised its position in JFrog by 154.0% in the 3rd quarter. Cercano Management LLC now owns 1,116,965 shares of the company's stock valued at $28,326,000 after buying an additional 677,259 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FROG shares. Truist Financial lifted their target price on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. KeyCorp lowered their price target on JFrog from $52.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday. DA Davidson increased their price objective on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Needham & Company LLC lowered their target price on shares of JFrog from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Friday. Finally, Cantor Fitzgerald upped their price target on shares of JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.69.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 150,000 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the completion of the sale, the director now directly owns 4,759,432 shares in the company, valued at approximately $224,978,350.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CTO Yoav Landman sold 110,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the sale, the chief technology officer now directly owns 6,811,371 shares of the company's stock, valued at approximately $322,041,620.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 150,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total value of $7,090,500.00. Following the sale, the director now directly owns 4,759,432 shares in the company, valued at $224,978,350.64. The disclosure for this sale can be found here. Insiders have sold a total of 501,355 shares of company stock worth $22,340,017 in the last 90 days. Company insiders own 15.70% of the company's stock.

JFrog Trading Down 18.7 %

Shares of NASDAQ:FROG traded down $7.61 during trading on Friday, reaching $33.01. 9,102,945 shares of the stock were exchanged, compared to its average volume of 839,078. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The stock has a 50-day moving average price of $41.38 and a 200-day moving average price of $35.56. The firm has a market cap of $3.36 billion, a PE ratio of -70.23 and a beta of 1.01.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). JFrog had a negative net margin of 13.29% and a negative return on equity of 4.71%. The company had revenue of $100.31 million during the quarter, compared to analysts' expectations of $98.63 million. On average, sell-side analysts expect that JFrog Ltd. will post -0.21 earnings per share 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.

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