Cwm LLC Lowers Position in JFrog Ltd. (NASDAQ:FROG)

Cwm LLC cut its stake in JFrog Ltd. (NASDAQ:FROG) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,065 shares of the company’s stock after selling 5,351 shares during the period. Cwm LLC’s holdings in JFrog were worth $3,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in shares of JFrog by 46.9% during the third quarter. Exchange Traded Concepts LLC now owns 39,136 shares of the company’s stock valued at $992,000 after purchasing an additional 12,488 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of JFrog by 48.8% during the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock valued at $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of JFrog by 53.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock valued at $9,739,000 after purchasing an additional 134,047 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of JFrog by 28.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,050 shares of the company’s stock valued at $306,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Washington Capital Management Inc. bought a new position in shares of JFrog during the third quarter valued at approximately $424,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 32,724 shares of JFrog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $1,436,256.36. Following the sale, the chief executive officer now directly owns 4,987,300 shares in the company, valued at approximately $218,892,597. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other JFrog news, CEO Ben Haim Shlomi sold 32,724 shares of JFrog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $1,436,256.36. Following the sale, the chief executive officer now directly owns 4,987,300 shares in the company, valued at approximately $218,892,597. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the completion of the sale, the director now owns 4,654,432 shares in the company, valued at $181,383,215.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,355 shares of company stock worth $22,340,017. Insiders own 30.60% of the company’s stock.

JFrog Stock Performance

FROG opened at $39.83 on Thursday. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81. The firm’s fifty day moving average is $42.42 and its 200 day moving average is $34.17.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FROG shares. TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Truist Financial raised their price target on shares of JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Oppenheimer raised their price target on shares of JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Needham & Company LLC raised their price target on shares of JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Finally, Cantor Fitzgerald raised their price target on shares of JFrog from $40.00 to $45.00 in a research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.