JFrog Ltd. (NASDAQ:FROG) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its position in JFrog Ltd. (NASDAQ:FROG) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,873 shares of the company’s stock after selling 1,046 shares during the period. Summit Trail Advisors LLC’s holdings in JFrog were worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FROG. TimesSquare Capital Management LLC grew its holdings in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the period. North Peak Capital Management LLC acquired a new stake in JFrog during the third quarter worth about $73,417,000. Thrivent Financial for Lutherans grew its holdings in JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after acquiring an additional 593,478 shares during the period. Wasatch Advisors LP grew its holdings in JFrog by 6.2% during the third quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock worth $62,171,000 after acquiring an additional 124,420 shares during the period. Finally, Praesidium Investment Management Company LLC grew its holdings in JFrog by 34.7% during the third quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock worth $45,932,000 after acquiring an additional 407,492 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 97,260 shares of the company’s stock, valued at $2,976,156. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $2,647,225.00. Following the transaction, the executive now directly owns 582,394 shares of the company’s stock, valued at $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 369,158 shares of company stock valued at $11,964,565. 15.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on FROG shares. Robert W. Baird raised their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Scotiabank increased their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Finally, UBS Group raised their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three investment 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 MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $37.89.

JFrog Trading Up 2.0 %

Shares of NASDAQ FROG opened at $36.54 on Tuesday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The stock has a fifty day simple moving average of $32.17 and a 200-day simple moving average of $30.64. The stock has a market capitalization of $3.72 billion, a PE ratio of -68.94 and a beta of 0.97.

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.