Aspiriant LLC Has $345,000 Position in JFrog Ltd. (NASDAQ:FROG)

Aspiriant LLC cut its holdings in JFrog Ltd. (NASDAQ:FROG) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,742 shares of the company’s stock after selling 896 shares during the period. Aspiriant LLC’s holdings in JFrog were worth $345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FROG. Park Avenue Securities LLC bought a new stake in JFrog in the fourth quarter worth approximately $204,000. Diversified Trust Co grew its position in shares of 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. increased its stake in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 acquiring an additional 514,895 shares during the period. Finally, Tidal Investments LLC boosted its stake in 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 acquiring an additional 3,507 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the completion of the transaction, the chief executive officer now directly owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the sale, the chief financial officer now owns 97,260 shares of the company’s stock, valued at approximately $2,976,156. The trade was a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,146 shares of company stock valued at $8,544,054 in the last ninety days. 15.70% of the stock is currently owned by insiders.

JFrog Stock Performance

JFrog stock opened at $33.92 on Wednesday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm’s 50-day simple moving average is $31.02 and its 200 day simple moving average is $30.81. The stock has a market cap of $3.46 billion, a PE ratio of -64.00 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.24). The business had revenue of $109.06 million during the quarter, compared to the consensus estimate of $105.54 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. DA Davidson reiterated a “buy” rating and issued a $40.00 price target on shares of JFrog in a report on Monday, October 14th. Needham & Company LLC boosted their price objective on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.72.

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.