Fiera Capital Corp Reduces Holdings in JFrog Ltd. (NASDAQ:FROG)

Fiera Capital Corp trimmed its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 2.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,546,542 shares of the company's stock after selling 46,194 shares during the period. Fiera Capital Corp owned 1.52% of JFrog worth $44,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FROG. Olympiad Research LP bought a new position in JFrog in the 3rd quarter worth $229,000. Principal Financial Group Inc. grew its position in shares of JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after purchasing an additional 514,895 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock worth $1,093,000 after purchasing an additional 577 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in JFrog by 17.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,124 shares of the company's stock valued at $584,000 after purchasing an additional 2,930 shares during the period. Finally, VELA Investment Management LLC boosted its position in shares of JFrog by 17.7% in the third quarter. VELA Investment Management LLC now owns 92,461 shares of the company's stock valued at $2,685,000 after acquiring an additional 13,916 shares during the period. Institutional investors own 85.02% of the company's stock.

JFrog Price Performance

Shares of FROG stock traded down $1.76 on Friday, reaching $31.10. 2,391,982 shares of the stock were exchanged, compared to its average volume of 1,276,065. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The stock has a market cap of $3.17 billion, a PE ratio of -67.80 and a beta of 0.93. The stock has a 50 day moving average price of $29.07 and a 200 day moving average price of $32.44.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The firm had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. On average, research analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares of the company's stock, valued at $136,043,960.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the sale, the chief technology officer now owns 6,612,242 shares of the company's stock, valued at approximately $203,987,665.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,031 shares of company stock valued at $3,618,247 in the last quarter. Company insiders own 15.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on FROG. Baird R W upgraded shares of JFrog to a "strong-buy" rating in a research note on Tuesday, August 27th. Morgan Stanley decreased their price objective on JFrog from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Truist Financial restated a "buy" rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday. KeyCorp boosted their price target on shares of JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Finally, Bank of America reduced their price objective on shares of JFrog from $54.00 to $44.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.83.

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.