JFrog Ltd. (NASDAQ:FROG) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 400,803 shares of the company's stock after selling 52,000 shares during the period. Royce & Associates LP owned about 0.39% of JFrog worth $11,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FROG. TimesSquare Capital Management LLC lifted its stake in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company's stock worth $62,885,000 after purchasing an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock valued at $32,903,000 after buying an additional 856,451 shares during the last quarter. American Century Companies Inc. raised its stake in JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock valued at $49,943,000 after buying an additional 841,956 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in JFrog during the 2nd quarter worth about $30,098,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Down 2.4 %

NASDAQ FROG traded down $0.77 during trading hours on Friday, hitting $30.72. 1,172,513 shares of the stock were exchanged, compared to its average volume of 956,805. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock has a 50-day moving average of $29.47 and a 200 day moving average of $31.96. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -57.96 and a beta of 0.93.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FROG. Robert W. Baird boosted their target price on JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an "overweight" rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. TD Cowen lifted their price target on shares of JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. KeyCorp raised their price objective on JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Finally, Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, November 8th. Three equities 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.72.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,627,242 shares in the company, valued at approximately $185,562,776. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Tali Notman sold 11,621 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $314,464.26. Following the completion of the sale, the executive now owns 547,413 shares in the company, valued at approximately $14,812,995.78. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,806 shares of company stock valued at $4,185,802. Corporate 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.