NewEdge Wealth LLC Cuts Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

NewEdge Wealth LLC decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 75.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,743 shares of the company's stock after selling 299,984 shares during the period. NewEdge Wealth LLC owned 0.10% of JFrog worth $2,904,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. West Tower Group LLC purchased a new stake in JFrog during the 3rd quarter valued at about $116,000. KBC Group NV lifted its stake in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after buying an additional 1,105 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of JFrog during the fourth quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new stake in shares of JFrog during the fourth quarter valued at approximately $193,000. Finally, US Bancorp DE increased 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 valued at $194,000 after acquiring an additional 798 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Trading Down 1.8 %

JFrog stock traded down $0.66 during trading on Monday, reaching $36.09. The company had a trading volume of 1,387,732 shares, 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's 50-day simple moving average is $34.48 and its 200 day simple moving average is $31.25. JFrog Ltd. has a 52 week low of $22.91 and a 52 week 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) 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 during the quarter, compared to the consensus estimate of $114.16 million. On average, analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the sale, the director now directly owns 306,277 shares in the company, valued at $12,410,344.04. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 11,942 shares of JFrog stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the transaction, the chief financial officer now owns 172,406 shares in the company, valued at approximately $7,411,733.94. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,774 shares of company stock worth $13,799,337. Company insiders own 15.70% of the company's stock.

Wall Street Analyst Weigh In

FROG has been the topic of several recent analyst reports. Barclays increased their target price on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Needham & Company LLC increased their price objective on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. 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 report on Friday, November 8th. UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Three 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.17.

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.