Stanley Laman Group Ltd. Sells 27,752 Shares of JFrog Ltd. (NASDAQ:FROG)

Stanley Laman Group Ltd. reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,419 shares of the company’s stock after selling 27,752 shares during the quarter. Stanley Laman Group Ltd. owned 0.18% of JFrog worth $5,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of JFrog by 7.4% in the first 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of JFrog by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of JFrog by 4.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock worth $76,160,000 after purchasing an additional 73,036 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of JFrog by 17.9% in the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after purchasing an additional 254,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock worth $62,636,000 after purchasing an additional 41,275 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

JFrog Trading Down 1.8 %

NASDAQ:FROG opened at $30.36 on Wednesday. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The company has a market cap of $3.09 billion, a PE ratio of -64.60 and a beta of 0.94. The company has a 50 day simple moving average of $28.24 and a two-hundred day simple moving average of $33.22.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The business had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. Research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on FROG shares. KeyCorp lifted their price objective on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of JFrog in a report on Monday, September 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of JFrog in a report on Wednesday, September 11th. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer lowered shares of JFrog from an “outperform” rating to a “market perform” rating in a 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.28.

Insider Activity

In other news, CRO Tali Notman sold 10,699 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the completion of the sale, the executive now owns 536,714 shares of the company’s stock, valued at $15,183,639.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the transaction, the executive now owns 536,714 shares of the company’s stock, valued at approximately $15,183,639.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the transaction, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,031 shares of company stock valued at $5,103,847 in the last 90 days. Company insiders own 15.70% of the company’s stock.

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.