Raymond James & Associates Lowers Holdings in JFrog Ltd. (NASDAQ:FROG)

Raymond James & Associates decreased its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,568 shares of the company's stock after selling 29,758 shares during the period. Raymond James & Associates owned 0.14% of JFrog worth $4,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after purchasing an additional 384 shares during the period. George Kaiser Family Foundation boosted its position in shares of JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company's stock valued at $2,818,000 after purchasing an additional 532 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock valued at $116,000 after purchasing an additional 662 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of JFrog by 6.0% in the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company's stock worth $686,000 after buying an additional 879 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the third quarter worth about $29,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Ratings Changes

FROG has been the subject of a number of research analyst reports. Baird R W raised shares of JFrog to a "strong-buy" rating in a research report on Tuesday, August 27th. KeyCorp boosted their price target on shares of JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Scotiabank lowered their price target on shares of JFrog from $40.00 to $25.00 and set a "sector perform" rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 target price on shares of JFrog in a report on Monday, September 16th. Finally, DA Davidson reissued a "buy" rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.61.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the sale, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Ben Haim Shlomi sold 35,550 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 141,031 shares of company stock valued at $4,003,447 over the last ninety days. 15.70% of the stock is owned by company insiders.

JFrog Stock Up 2.2 %

Shares of FROG traded up $0.65 during midday trading on Friday, reaching $29.83. 720,641 shares of the stock were exchanged, compared to its average volume of 1,044,046. The company has a market cap of $3.04 billion, a P/E ratio of -66.29 and a beta of 0.93. The stock's 50 day simple moving average is $28.75 and its 200 day simple moving average is $32.55. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current year.

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.