JFrog Ltd. (NASDAQ:FROG) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in JFrog Ltd. (NASDAQ:FROG) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 165,930 shares of the company’s stock after selling 16,489 shares during the period. Stanley Laman Group Ltd.’s holdings in JFrog were worth $4,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. West Tower Group LLC acquired a new stake in JFrog during the third quarter worth $116,000. KBC Group NV increased its stake in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in JFrog during the second quarter worth $188,000. SG Americas Securities LLC acquired a new stake in JFrog during the fourth quarter worth $193,000. Finally, US Bancorp DE increased its stake in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling

In other JFrog news, Director Yossi Sela sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total transaction of $796,500.00. Following the sale, the director now owns 355,129 shares in the company, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 75,635 shares of the stock in a transaction on 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 sale, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This trade represents a 11.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 387,033 shares of company stock worth $12,621,141 in the last quarter. Company insiders own 15.70% of the company’s stock.

JFrog Price Performance

FROG opened at $36.93 on Thursday. The stock has a market cap of $3.76 billion, a P/E ratio of -69.68 and a beta of 0.97. The stock’s 50 day simple moving average is $32.38 and its 200 day simple moving average is $30.61. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays cut their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Robert W. Baird upped their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. TD Cowen upped their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Scotiabank upped their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.06.

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.