JFrog Ltd. $FROG Stock: Lisanti Capital Growth LLC Cuts Holdings

Lisanti Capital Growth LLC decreased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 41.9% during the 3rd quarter, Holdings Channel reports. The fund owned 46,890 shares of the company’s stock after selling 33,765 shares during the quarter. Lisanti Capital Growth LLC’s holdings in JFrog were worth $4,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Western Wealth Management LLC acquired a new position in JFrog during the first quarter valued at approximately $30,000. Bessemer Group Inc. bought a new stake in JFrog in the first quarter valued at approximately $36,000. Allworth Financial LP raised its holdings in JFrog by 83.1% in the second quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $59,000 after purchasing an additional 294 shares during the period. GK Wealth Management LLC acquired a new stake in JFrog in the third quarter worth $74,000. Finally, GAMMA Investing LLC raised its holdings in JFrog by 418.1% in the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $97,000 after purchasing an additional 807 shares during the period. Institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $115.00 price target on shares of JFrog in a report on Friday, September 4th. Stifel Nicolaus set a $102.00 price objective on JFrog in a research note on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a report on Thursday, October 15th. Oppenheimer boosted their target price on JFrog from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Finally, Canaccord Genuity Group boosted their target price on JFrog from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.43.

JFrog Stock Performance

NASDAQ FROG opened at $109.51 on Thursday. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of -608.39 and a beta of 1.31. The business has a 50 day simple moving average of $94.04 and a 200 day simple moving average of $73.34. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $113.23.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. JFrog had a negative net margin of 3.29% and a negative return on equity of 1.55%. The firm had revenue of $179.17 million for the quarter, compared to analyst estimates of $165.92 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. On average, analysts predict that JFrog Ltd. will post -0.09 EPS for the current year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 45,000 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $97.27, for a total transaction of $4,377,150.00. Following the sale, the chief technology officer directly owned 5,109,038 shares in the company, valued at $496,956,126.26. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 15,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $97.52, for a total transaction of $1,462,800.00. Following the sale, the chief executive officer owned 4,434,305 shares in the company, valued at approximately $432,433,423.60. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 735,453 shares of company stock valued at $70,307,366 over the last three months. Insiders own 11.80% of the company’s stock.

JFrog Profile

JFrog Ltd. develops software delivery and supply-chain tools for organizations building and deploying applications. Its platform helps teams manage software packages and other binary artifacts throughout the development lifecycle, from creation and testing to distribution and deployment. Its products include JFrog Artifactory, a repository manager for storing and managing software artifacts, and JFrog Xray, which scans software components for security vulnerabilities and policy issues. The broader platform also offers tools for continuous integration and delivery, software distribution, and software supply-chain security, and can be deployed in cloud, on-premises, or hybrid environments.