Bank of New York Mellon Corp Sells 207,316 Shares of JFrog Ltd. (NASDAQ:FROG)

Bank of New York Mellon Corp decreased its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,736,421 shares of the company's stock after selling 207,316 shares during the period. Bank of New York Mellon Corp owned about 2.69% of JFrog worth $80,478,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FROG. West Tower Group LLC purchased a new position in JFrog during the third quarter valued at approximately $116,000. KBC Group NV grew its holdings in shares of JFrog by 39.0% during the 4th 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 in the last quarter. BankPlus Trust Department acquired a new position in shares of JFrog in the fourth quarter worth $131,000. SG Americas Securities LLC acquired a new position in shares of JFrog in the fourth quarter worth $193,000. Finally, US Bancorp DE raised its holdings in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after acquiring an additional 798 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Down 1.8 %

NASDAQ:FROG traded down $0.66 during mid-day trading on Monday, hitting $36.09. 1,387,732 shares of the company's stock traded hands, compared to its average volume of 1,201,191. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -57.29 and a beta of 0.97. The firm has a 50 day moving average of $34.36 and a two-hundred day moving average of $31.19. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65.

JFrog (NASDAQ:FROG - Get Free Report) last posted 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). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. As a group, equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Canaccord Genuity Group upped their target price on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial increased 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. Stifel Nicolaus lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. KeyCorp restated an "overweight" rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JFrog has an average rating of "Moderate Buy" and an average target price of $42.17.

Insider Activity

In other JFrog news, CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the sale, the executive now owns 582,394 shares in the company, valued at $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Yossi Sela sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now owns 355,129 shares of the company's stock, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,774 shares of company stock worth $13,799,337. Company 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.