Fiera Capital Corp Sells 46,194 Shares of JFrog Ltd. (NASDAQ:FROG)

Fiera Capital Corp decreased its holdings in JFrog Ltd. (NASDAQ:FROG) by 2.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,546,542 shares of the company’s stock after selling 46,194 shares during the quarter. Fiera Capital Corp’s holdings in JFrog were worth $44,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Olympiad Research LP bought a new position in JFrog in the third quarter valued at about $229,000. Principal Financial Group Inc. grew its holdings in shares of JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the last quarter. Van ECK Associates Corp increased its position in JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in JFrog by 17.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,124 shares of the company’s stock valued at $584,000 after purchasing an additional 2,930 shares during the last quarter. Finally, VELA Investment Management LLC boosted its position in JFrog by 17.7% in the third quarter. VELA Investment Management LLC now owns 92,461 shares of the company’s stock valued at $2,685,000 after buying an additional 13,916 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 11,621 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $314,464.26. Following the transaction, the executive now directly owns 547,413 shares in the company, valued at approximately $14,812,995.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,031 shares of company stock worth $3,618,247. Corporate insiders own 15.70% of the company’s stock.

JFrog Stock Down 7.8 %

JFrog stock traded down $2.56 during trading hours on Friday, reaching $30.30. 794,230 shares of the company’s stock were exchanged, compared to its average volume of 1,268,708. The firm has a market capitalization of $3.09 billion, a PE ratio of -67.62 and a beta of 0.93. The firm’s 50 day simple moving average is $29.07 and its 200 day simple moving average is $32.44. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target 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. Bank of America dropped their target price on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC lifted their target price on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $37.39.

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.