Stanley Laman Group Ltd. Sells 12,090 Shares of JFrog Ltd. (NASDAQ:FROG)

Stanley Laman Group Ltd. lowered its stake in JFrog Ltd. (NASDAQ:FROG) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,033 shares of the company’s stock after selling 12,090 shares during the period. JFrog accounts for 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 15th largest holding. Stanley Laman Group Ltd.’s holdings in JFrog were worth $8,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its holdings in JFrog by 46.9% in the third quarter. Exchange Traded Concepts LLC now owns 39,136 shares of the company’s stock valued at $992,000 after buying an additional 12,488 shares during the period. Bank of New York Mellon Corp increased its position 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 worth $100,710,000 after acquiring an additional 1,302,699 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position 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 worth $9,739,000 after acquiring an additional 134,047 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $306,000 after acquiring an additional 2,643 shares in the last quarter. Finally, Washington Capital Management Inc. purchased a new position in JFrog during the third quarter worth about $424,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 40,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the sale, the chief technology officer now directly owns 6,731,371 shares in the company, valued at approximately $260,504,057.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the completion of the transaction, the director now directly owns 4,759,432 shares of the company’s stock, valued at approximately $224,978,350.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of JFrog stock in a transaction on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,731,371 shares in the company, valued at approximately $260,504,057.70. The disclosure for this sale can be found here. Insiders have sold a total of 501,355 shares of company stock worth $22,340,017 in the last three months. Corporate insiders own 30.60% of the company’s stock.

JFrog Price Performance

Shares of FROG stock traded up $0.64 during mid-day trading on Thursday, hitting $40.47. The company had a trading volume of 995,546 shares, compared to its average volume of 1,219,081. The stock’s 50 day moving average price is $42.27 and its 200-day moving average price is $34.21. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81. The company has a market capitalization of $4.12 billion, a P/E ratio of -67.45 and a beta of 0.99.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Morgan Stanley upped their target price on shares of JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Scotiabank assumed coverage on shares of JFrog in a report on Thursday, March 7th. They set a “buy” rating on the stock. Needham & Company LLC increased their price target on shares of JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Finally, DA Davidson increased their target price on shares of JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.46.

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.