Granite Investment Partners LLC Has $5.38 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Granite Investment Partners LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,772 shares of the company's stock after selling 15,114 shares during the quarter. Granite Investment Partners LLC owned 0.18% of JFrog worth $5,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Fund Management S.A. purchased a new position in JFrog during the 4th quarter worth approximately $570,000. Bessemer Group Inc. raised its position in JFrog by 55.0% during the fourth quarter. Bessemer Group Inc. now owns 38,240 shares of the company's stock valued at $1,125,000 after buying an additional 13,570 shares during the period. CenterBook Partners LP lifted its stake in JFrog by 6.9% in the 4th quarter. CenterBook Partners LP now owns 199,688 shares of the company's stock worth $5,873,000 after acquiring an additional 12,863 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in JFrog during the 4th quarter worth about $30,554,000. Finally, Legal & General Group Plc increased its holdings in shares of JFrog by 4.1% in the 4th quarter. Legal & General Group Plc now owns 542,055 shares of the company's stock valued at $15,942,000 after purchasing an additional 21,567 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Down 2.3 %

FROG traded down $0.72 during trading on Friday, reaching $31.08. 613,588 shares of the company's stock were exchanged, compared to its average volume of 1,149,331. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The company has a market capitalization of $3.56 billion, a P/E ratio of -49.33 and a beta of 0.98. The business has a 50 day moving average price of $34.12 and a 200 day moving average price of $32.34.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Buying and Selling

In related news, CRO Tali Notman sold 75,635 shares of the company's stock in a transaction dated 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 transaction, the executive now owns 582,394 shares in the company, valued at $20,383,790. This represents a 11.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now owns 306,277 shares of the company's stock, valued at $12,410,344.04. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 429,104 shares of company stock worth $15,084,429 in the last quarter. 15.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FROG. Barclays lifted their price target on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Truist Financial boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday. Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Finally, Raymond James started coverage on JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.71.

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.