Washington Harbour Partners LP Purchases 33,700 Shares of JFrog Ltd. (NASDAQ:FROG)

Washington Harbour Partners LP lifted its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,067 shares of the company's stock after buying an additional 33,700 shares during the quarter. JFrog makes up about 7.6% of Washington Harbour Partners LP's holdings, making the stock its 2nd biggest holding. Washington Harbour Partners LP owned 0.14% of JFrog worth $4,271,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog in the third quarter worth approximately $29,000. West Tower Group LLC purchased a new stake in shares of JFrog in the third quarter worth $116,000. SG Americas Securities LLC purchased a new position in shares of JFrog during the 2nd quarter valued at $187,000. Sanctuary Advisors LLC purchased a new position in shares of JFrog in the second quarter valued at about $188,000. Finally, US Bancorp DE grew its position 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 purchasing an additional 798 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FROG has been the topic of several recent analyst reports. KeyCorp lifted their price objective on shares of JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. TD Cowen upped their price target on shares of JFrog from $32.00 to $35.00 and gave the company a "buy" rating in a report on Monday, October 28th. Canaccord Genuity Group dropped their target price on JFrog from $48.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Robert W. Baird boosted their price objective on JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Stifel Nicolaus cut their price target on shares of JFrog from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.72.

Insiders Place Their Bets

In related 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 value of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at approximately $185,562,776. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the completion of the transaction, the director now directly owns 4,514,432 shares of the company's stock, valued at $139,315,371.52. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,177 shares of company stock valued at $4,914,031. Insiders own 15.70% of the company's stock.

JFrog Stock Performance

Shares of NASDAQ FROG traded up $0.23 during mid-day trading on Friday, reaching $31.23. The company's stock had a trading volume of 1,047,118 shares, compared to its average volume of 1,245,134. The stock has a market capitalization of $3.18 billion, a P/E ratio of -58.94 and a beta of 0.94. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The stock has a 50-day moving average of $30.28 and a two-hundred day moving average of $31.47.

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.