Wrapmanager Inc. Has $249,000 Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Wrapmanager Inc. cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 13.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,480 shares of the company’s stock after selling 1,289 shares during the quarter. Wrapmanager Inc.’s holdings in JFrog were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. West Tower Group LLC acquired a new stake in JFrog during the 3rd quarter worth approximately $116,000. KBC Group NV lifted its position in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department acquired a new position in shares of JFrog in the 4th quarter worth approximately $131,000. SG Americas Securities LLC acquired a new position in shares of JFrog in the 4th quarter worth approximately $193,000. Finally, US Bancorp DE lifted its position in shares of JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JFrog news, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This trade represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yossi Sela sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the transaction, the director now owns 355,129 shares in the company, valued at $11,314,409.94. The trade was a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 437,580 shares of company stock worth $14,803,200. Insiders own 15.70% of the company’s stock.

JFrog Trading Down 3.1 %

FROG stock opened at $36.79 on Wednesday. The company’s 50 day moving average is $33.98 and its 200 day moving average is $30.96. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -58.40 and a beta of 0.97. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FROG. Robert W. Baird boosted their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays boosted their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three equities research 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 company’s stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and an average target price of $42.17.

About JFrog

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.