Segall Bryant & Hamill LLC Sells 2,683 Shares of JFrog Ltd. (NASDAQ:FROG)

Segall Bryant & Hamill LLC lessened its position in JFrog Ltd. (NASDAQ:FROG) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,462 shares of the company’s stock after selling 2,683 shares during the period. Segall Bryant & Hamill LLC owned 0.20% of JFrog worth $5,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FROG. Jones Financial Companies Lllp increased its holdings in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the period. KBC Group NV increased its stake in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in shares of JFrog during the fourth quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new stake in JFrog in the fourth quarter worth $193,000. Finally, Park Avenue Securities LLC bought a new stake in JFrog in the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FROG. 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 report on Friday, February 14th. Barclays lifted their price objective on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Canaccord Genuity Group raised their target price on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC upped their price target on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.06.

Insider Buying and Selling

In other news, CRO Tali Notman sold 75,635 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the sale, the executive now owns 582,394 shares of the company’s stock, valued at $20,383,790. This trade represents a 11.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75. Following the transaction, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at $154,010,933.52. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

JFrog Stock Down 3.1 %

NASDAQ:FROG opened at $33.60 on Thursday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -53.33 and a beta of 0.95. The company’s 50 day moving average price is $35.63 and its 200-day moving average price is $32.05. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.94.

JFrog (NASDAQ:FROG) last issued 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 business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.