JFrog Ltd. (NASDAQ:FROG) Stock Position Decreased by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,648,870 shares of the company’s stock after selling 172,060 shares during the quarter. Champlain Investment Partners LLC owned 1.62% of JFrog worth $47,883,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FROG. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the third quarter worth $29,000. Advisors Asset Management Inc. boosted its position in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares during the period. SG Americas Securities LLC acquired a new stake in shares of JFrog in the second quarter worth $187,000. Sanctuary Advisors LLC acquired a new stake in shares of JFrog in the second quarter worth $188,000. Finally, US Bancorp DE boosted its position in shares of JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the period. 85.02% of the stock is owned by institutional investors.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now directly owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the sale, the director now directly owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,153 shares of company stock worth $5,276,489. Company insiders own 15.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FROG. KeyCorp raised their target price on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird raised their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Oppenheimer cut JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, Morgan Stanley reduced their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

JFrog Stock Performance

JFrog stock opened at $32.15 on Friday. The business’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $31.69. The firm has a market capitalization of $3.28 billion, a PE ratio of -60.66 and a beta of 0.93. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

JFrog 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.