Mitsubishi UFJ Asset Management Co. Ltd. Sells 102,300 Shares of JFrog Ltd. (NASDAQ:FROG)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 74.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,400 shares of the company's stock after selling 102,300 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in JFrog were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. abrdn plc grew its stake in shares of JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company's stock valued at $22,784,000 after buying an additional 30,392 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company's stock valued at $43,817,000 after purchasing an additional 159,483 shares during the period. Peregrine Capital Management LLC lifted its stake in JFrog by 11.9% in the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock valued at $9,642,000 after purchasing an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after purchasing an additional 365,376 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at $154,010,933.52. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the transaction, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This represents a 11.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 439,104 shares of company stock valued at $15,514,264. Company insiders own 15.70% of the company's stock.

JFrog Stock Down 2.0 %

Shares of NASDAQ:FROG traded down $0.59 during trading on Monday, reaching $28.49. 1,104,680 shares of the company traded hands, compared to its average volume of 1,152,138. The firm has a market capitalization of $3.26 billion, a PE ratio of -45.22 and a beta of 0.98. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.67. The company's 50 day moving average is $35.24 and its two-hundred day moving average is $32.26.

JFrog (NASDAQ:FROG - Get Free Report) last posted 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). The company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Truist Financial upped their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.06.

About JFrog

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.