Nebula Research & Development LLC Has $369,000 Holdings in JFrog Ltd. (NASDAQ:FROG)

Nebula Research & Development LLC lowered its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,560 shares of the company's stock after selling 16,730 shares during the period. Nebula Research & Development LLC's holdings in JFrog were worth $369,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in JFrog by 91.1% in 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 period. KBC Group NV raised its position in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in JFrog in the 4th quarter valued at approximately $131,000. Tower Research Capital LLC TRC grew its stake in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after acquiring an additional 5,297 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of JFrog in the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FROG. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 target price on shares of JFrog in a research report on Monday. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Morgan Stanley dropped their target price on JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial raised their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays upped their price objective on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average target price of $41.53.

Insiders Place Their Bets

In other news, CFO Eduard Grabscheid sold 6,672 shares of JFrog stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 166,236 shares in the company, valued at approximately $6,075,925.80. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 347,206 shares of company stock worth $12,213,601 in the last quarter. 14.10% of the stock is currently owned by corporate insiders.

JFrog Trading Down 0.1 %

Shares of NASDAQ:FROG traded down $0.04 during trading on Monday, reaching $34.80. 370,507 shares of the stock were exchanged, compared to its average volume of 993,292. The firm has a market cap of $3.99 billion, a PE ratio of -55.24 and a beta of 0.97. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00. The stock has a 50-day moving average price of $32.93 and a 200-day moving average price of $32.63.

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

About JFrog

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.