abrdn plc Has $21.48 Million Position in JFrog Ltd. (NASDAQ:FROG)

abrdn plc increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 9.4% in the third quarter, Holdings Channel.com reports. The firm owned 741,810 shares of the company’s stock after purchasing an additional 63,840 shares during the quarter. abrdn plc’s holdings in JFrog were worth $21,483,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after acquiring an additional 384 shares in the last quarter. George Kaiser Family Foundation increased its holdings in JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after purchasing an additional 532 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the period. Lazard Asset Management LLC raised its stake in shares of JFrog by 6.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after purchasing an additional 879 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the third quarter valued at about $29,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 141,031 shares of company stock valued at $4,003,447 in the last three months. 15.70% of the stock is currently owned by company insiders.

JFrog Trading Down 0.6 %

Shares of NASDAQ FROG opened at $29.18 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of -64.84 and a beta of 0.94. JFrog Ltd. has a 12 month low of $21.45 and a 12 month high of $48.81. The stock has a 50 day moving average of $28.68 and a 200-day moving average of $32.67.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. Analysts predict that JFrog Ltd. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FROG shares. Truist Financial increased their price objective on JFrog from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. KeyCorp raised their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Canaccord Genuity Group cut their price objective on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their target price on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler lowered their price target on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target of $36.61.

JFrog Company 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.