Renaissance Technologies LLC Sells 77,800 Shares of JFrog Ltd. (NASDAQ:FROG)

Renaissance Technologies LLC lessened its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,282,500 shares of the company's stock after selling 77,800 shares during the quarter. Renaissance Technologies LLC owned approximately 1.26% of JFrog worth $37,718,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in JFrog in the 4th quarter valued at about $32,878,000. Raymond James Financial Inc. bought a new position in shares of JFrog during the 4th quarter worth about $30,554,000. Principal Financial Group Inc. raised its holdings 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 buying an additional 514,895 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after acquiring an additional 349,532 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Up 0.4 %

FROG stock traded up $0.13 during mid-day trading on Wednesday, hitting $32.28. The stock had a trading volume of 205,414 shares, compared to its average volume of 1,144,925. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -51.24 and a beta of 0.98. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The company has a fifty day moving average of $34.41 and a 200 day moving average of $32.31.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, sell-side analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on FROG shares. DA Davidson cut their target price on JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday. Truist Financial lifted their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley dropped their price objective on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group boosted their price objective on JFrog from $38.00 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and an average target price of $40.71.

Insider Buying and Selling at JFrog

In other news, CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the sale, the executive now owns 582,394 shares of the company's stock, valued at approximately $20,383,790. This trade represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 2,152 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the sale, the chief financial officer now owns 93,597 shares in the company, valued at $3,275,895. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 429,104 shares of company stock worth $15,084,429. Insiders own 15.70% of the company's stock.

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.