Ingalls & Snyder LLC Sells 724 Shares of JFrog Ltd. (NASDAQ:FROG)

Ingalls & Snyder LLC cut its holdings in JFrog Ltd. (NASDAQ:FROG) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,086 shares of the company’s stock after selling 724 shares during the period. Ingalls & Snyder LLC owned approximately 0.06% of JFrog worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. North Peak Capital Management LLC bought a new stake in shares of JFrog in the 3rd quarter valued at about $73,417,000. TimesSquare Capital Management LLC lifted its position in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of JFrog during the third quarter valued at approximately $32,401,000. Meitav Investment House Ltd. grew its holdings in shares of JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after purchasing an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after buying an additional 841,956 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,627,242 shares in the company, valued at $185,562,776. The trade was a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the sale, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,085 shares of company stock valued at $4,381,669. 15.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Needham & Company LLC boosted their price target on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler dropped their price objective on JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, KeyCorp boosted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Stock Down 0.1 %

Shares of FROG opened at $30.77 on Wednesday. The stock has a market cap of $3.13 billion, a P/E ratio of -58.06 and a beta of 0.94. The business’s 50 day moving average price is $30.17 and its 200-day moving average price is $31.47. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

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.