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

Stanley Laman Group Ltd. reduced its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,033 shares of the company’s stock after selling 12,090 shares during the quarter. JFrog accounts for about 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 15th biggest holding. Stanley Laman Group Ltd. owned approximately 0.23% of JFrog worth $8,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of 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 grew its stake in 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 purchasing an additional 1,302,699 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in JFrog by 53.6% in 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 boosted its holdings in JFrog by 28.1% in 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. bought a new position in JFrog in the third quarter worth approximately $424,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Trading Up 1.6 %

FROG stock traded up $0.64 during midday trading on Thursday, hitting $40.47. The company’s stock had a trading volume of 995,546 shares, compared to its average volume of 1,219,081. The company has a market cap of $4.12 billion, a PE ratio of -67.45 and a beta of 0.99. JFrog Ltd. has a 12 month low of $17.11 and a 12 month high of $48.81. The firm’s 50-day moving average is $42.27 and its 200-day moving average is $34.21.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FROG. Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. KeyCorp started coverage on JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price for the company. Needham & Company LLC lifted their price target on JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. DA Davidson lifted their price target on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Finally, Truist Financial lifted their price target on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.46.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 32,724 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total value of $1,436,256.36. Following the completion of the sale, the chief executive officer now owns 4,987,300 shares in the company, valued at approximately $218,892,597. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ben Haim Shlomi sold 32,724 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 4,987,300 shares of the company’s stock, valued at approximately $218,892,597. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 4,654,432 shares of the company’s stock, valued at approximately $181,383,215.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 501,355 shares of company stock worth $22,340,017. Corporate insiders own 30.60% of the company’s stock.

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.