JFrog Ltd. (NASDAQ:FROG) Holdings Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in JFrog Ltd. (NASDAQ:FROG) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,145 shares of the company’s stock after selling 8,288 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in JFrog were worth $5,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in JFrog by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock worth $335,141,000 after purchasing an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares in the last quarter. TimesSquare Capital Management LLC raised its position in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares during the period. Thrivent Financial for Lutherans lifted its stake in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after acquiring an additional 593,478 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in JFrog by 17.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after acquiring an additional 254,100 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, September 13th. The stock was 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 owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,153 shares of company stock worth $5,276,489 over the last 90 days. Corporate insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FROG shares. Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. TD Cowen boosted their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Piper Sandler cut their price target on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Bank of America reduced their price target on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Price Performance

NASDAQ FROG opened at $31.82 on Friday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The stock has a market capitalization of $3.24 billion, a PE ratio of -60.04 and a beta of 0.93. The company’s 50 day simple moving average is $29.69 and its two-hundred day simple moving average is $31.82.

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.