Champlain Investment Partners LLC reduced its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,648,870 shares of the company's stock after selling 172,060 shares during the quarter. Champlain Investment Partners LLC owned 1.62% of JFrog worth $47,883,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in JFrog in the second quarter worth $6,576,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company's stock worth $25,963,000 after purchasing an additional 210,000 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in JFrog by 394.2% in the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company's stock worth $1,268,000 after purchasing an additional 22,864 shares in the last quarter. Tidal Investments LLC bought a new stake in JFrog in the first quarter worth $3,251,000. Finally, Principal Financial Group Inc. boosted its holdings in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after purchasing an additional 514,895 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
JFrog Stock Performance
Shares of NASDAQ FROG traded up $0.21 during mid-day trading on Friday, hitting $32.15. 575,925 shares of the stock were exchanged, compared to its average volume of 994,203. The company has a market cap of $3.28 billion, a P/E ratio of -60.66 and a beta of 0.93. The stock's fifty day simple moving average is $29.77 and its two-hundred day simple moving average is $31.69. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Bank of America decreased 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. UBS Group boosted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley cut their target price on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. KeyCorp boosted their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. Finally, TD Cowen boosted their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. 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 stock. According to data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and an average target price of $37.72.
Read Our Latest Stock Analysis on FROG
Insider Transactions at JFrog
In related news, CEO Ben Haim Shlomi sold 35,550 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares of the company's stock, valued at $149,256,870. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 10,699 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the completion of the sale, the executive now directly owns 536,714 shares of the company's stock, valued at approximately $15,183,639.06. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,153 shares of company stock valued at $5,276,489. Corporate insiders own 15.70% of the company's stock.
About JFrog
(
Free Report)
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.
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