Royal Fund Management LLC Has $279,000 Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Royal Fund Management LLC lowered its stake in JFrog Ltd. (NASDAQ:FROG) by 84.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,500 shares of the company’s stock after selling 52,400 shares during the quarter. Royal Fund Management LLC’s holdings in JFrog were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in shares of JFrog by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 162,132 shares of the company’s stock valued at $6,088,000 after buying an additional 6,026 shares during the period. Dimensional Fund Advisors LP grew its stake in JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock valued at $62,636,000 after acquiring an additional 41,275 shares during the period. Sei Investments Co. increased its holdings in shares of JFrog by 3.3% in the second quarter. Sei Investments Co. now owns 104,724 shares of the company’s stock worth $3,932,000 after acquiring an additional 3,314 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of JFrog during the second quarter worth about $222,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the completion of the sale, the director now owns 4,444,432 shares of the company’s stock, valued at approximately $141,244,048.96. This represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s 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 transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. This represents a 0.36 % decrease in their ownership of the stock. 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 over the last quarter. 15.70% of the stock is owned by corporate insiders.

JFrog Stock Performance

NASDAQ:FROG opened at $33.92 on Wednesday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -64.00 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 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.

JFrog (NASDAQ:FROG) last issued its quarterly 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 company 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 quarter last year, the firm posted ($0.10) earnings per share. Sell-side analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of research reports. 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 report on Friday, November 8th. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird upped their price objective on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued 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.