Fiera Capital Corp Has $44.91 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

Fiera Capital Corp lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,546,542 shares of the company’s stock after selling 46,194 shares during the quarter. Fiera Capital Corp owned 1.52% of JFrog worth $44,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the third quarter worth about $29,000. Advisors Asset Management Inc. increased its stake in JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 shares in the last quarter. Duality Advisers LP bought a new stake in JFrog during the 1st quarter worth approximately $205,000. SG Americas Securities LLC acquired a new stake in JFrog during the 2nd quarter worth approximately $187,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of JFrog in the second quarter valued at approximately $188,000. 85.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares in the company, valued at approximately $203,987,665.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,031 shares of company stock valued at $3,618,247 in the last three months. 15.70% of the stock is currently owned by company insiders.

JFrog Stock Down 7.8 %

Shares of NASDAQ FROG traded down $2.56 during midday trading on Friday, hitting $30.30. 794,230 shares of the company’s stock were exchanged, compared to its average volume of 1,268,708. The company’s 50 day moving average price is $29.07 and its 200 day moving average price is $32.44. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The firm has a market capitalization of $3.09 billion, a PE ratio of -67.62 and a beta of 0.93.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. On average, equities research analysts anticipate that JFrog Ltd. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FROG. Bank of America dropped their price objective on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC boosted their price target on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday. Baird R W upgraded JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, KeyCorp upped their price target on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.39.

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.