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

Wrapmanager Inc. lowered its position in JFrog Ltd. (NASDAQ:FROG) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC lifted its stake in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after acquiring an additional 365,376 shares during the last quarter. North Peak Capital Management LLC acquired a new stake in JFrog in the third quarter valued at $73,417,000. Thrivent Financial for Lutherans lifted its stake in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the last quarter. Wasatch Advisors LP lifted its stake in JFrog by 6.2% in the third quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after acquiring an additional 124,420 shares during the last quarter. Finally, Praesidium Investment Management Company LLC lifted its stake in JFrog by 34.7% in the third quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock valued at $45,932,000 after acquiring an additional 407,492 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FROG shares. Barclays raised their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Scotiabank raised their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Morgan Stanley raised their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Finally, UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.17.

JFrog Stock Down 3.1 %

FROG stock opened at $36.79 on Wednesday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65. The firm has a market cap of $3.75 billion, a P/E ratio of -58.40 and a beta of 0.97. The company’s 50-day moving average price is $33.98 and its two-hundred day moving average price is $30.96.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. Equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity at JFrog

In related news, CFO Eduard Grabscheid sold 834 shares of JFrog 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 sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 20,443 shares of JFrog 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 $625,555.80. Following the sale, the chief executive officer now directly owns 4,937,011 shares in the company, valued at $151,072,536.60. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 437,580 shares of company stock valued at $14,803,200. 15.70% of the stock is owned by insiders.

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.