SG Americas Securities LLC Has $142,000 Stock Position in JFrog Ltd. (NASDAQ:FROG)

SG Americas Securities LLC reduced its position in shares of JFrog Ltd. (NASDAQ:FROG) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,097 shares of the company’s stock after selling 1,117 shares during the quarter. SG Americas Securities LLC’s holdings in JFrog were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its stake in JFrog by 53.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 60,071 shares of the company’s stock worth $2,079,000 after buying an additional 20,935 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of JFrog in the fourth quarter worth approximately $353,000. Vanguard Group Inc. raised its stake in shares of JFrog by 10.7% in the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after purchasing an additional 679,007 shares during the last quarter. American Century Companies Inc. raised its stake in shares of JFrog by 49.4% in the third quarter. American Century Companies Inc. now owns 600,923 shares of the company’s stock worth $15,239,000 after purchasing an additional 198,797 shares during the last quarter. Finally, Polar Capital Holdings Plc raised its stake in shares of JFrog by 39.0% in the third quarter. Polar Capital Holdings Plc now owns 528,820 shares of the company’s stock worth $13,411,000 after purchasing an additional 148,507 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Yoav Landman sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.28, for a total value of $5,200,800.00. Following the completion of the transaction, the chief technology officer now directly owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Yoav Landman sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.28, for a total value of $5,200,800.00. Following the completion of the transaction, the chief technology officer now directly owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the transaction, the chief executive officer now owns 4,969,129 shares of the company’s stock, valued at $173,919,515. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 502,555 shares of company stock worth $22,219,617. Insiders own 30.60% of the company’s stock.

JFrog Stock Performance

JFrog stock opened at $37.49 on Wednesday. The stock’s 50 day simple moving average is $42.29 and its two-hundred day simple moving average is $33.66. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -62.48 and a beta of 0.99.

JFrog (NASDAQ:FROG) last released its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The firm had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. On average, analysts predict that JFrog Ltd. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on FROG shares. Oppenheimer increased their price objective on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Scotiabank started coverage on JFrog in a research note on Thursday, March 7th. They issued a “buy” rating for the company. Morgan Stanley upped their target price on JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Truist Financial upped their target price on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, Bank Of America (Bofa) upped their target price on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $43.46.

JFrog Company 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.