Royal Fund Management LLC Has $279,000 Stock Position in JFrog Ltd. (NASDAQ:FROG)

Royal Fund Management LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 84.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,500 shares of the company’s stock after selling 52,400 shares during the period. Royal Fund Management LLC’s holdings in JFrog were worth $279,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC bought a new position in JFrog in the fourth quarter valued at about $204,000. Diversified Trust Co boosted its position in JFrog by 74.0% during the 4th quarter. Diversified Trust Co now owns 27,962 shares of the company’s stock worth $822,000 after buying an additional 11,890 shares during the period. JPMorgan Chase & Co. grew its holdings in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after acquiring an additional 159,483 shares during the last quarter. Principal Financial Group Inc. increased its position in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of JFrog by 4.6% during the third quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock worth $2,304,000 after purchasing an additional 3,507 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

FROG has been the topic of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. Needham & Company LLC raised their price objective on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. TD Cowen lifted their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays lowered their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Scotiabank upped their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the sale, the chief executive officer now owns 4,957,454 shares in the company, valued at $158,291,506.22. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated 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 trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,146 shares of company stock worth $8,544,054 over the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

JFrog Stock Up 3.6 %

Shares of FROG opened at $33.92 on Wednesday. The business’s fifty day moving average is $31.02 and its 200 day moving average is $30.81. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock has a market cap of $3.46 billion, a P/E ratio of -64.00 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, analysts expect that JFrog Ltd. will post -0.32 EPS for the current year.

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.