JFrog Ltd. $FROG Holdings Trimmed by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its stake in JFrog Ltd. (NASDAQ:FROG) by 41.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,890 shares of the company’s stock after selling 33,765 shares during the period. Lisanti Capital Growth LLC’s holdings in JFrog were worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of JFrog by 83.1% in the second quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $59,000 after purchasing an additional 294 shares in the last quarter. IFP Advisors Inc raised its position in JFrog by 4.7% in the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock worth $625,000 after purchasing an additional 309 shares during the last quarter. Western Wealth Management LLC acquired a new position in JFrog during the 1st quarter worth $30,000. Moody National Bank Trust Division lifted its holdings in JFrog by 7.9% during the 3rd quarter. Moody National Bank Trust Division now owns 9,768 shares of the company’s stock worth $948,000 after buying an additional 718 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in JFrog during the 1st quarter worth $36,000. 85.02% of the stock is owned by institutional investors.

JFrog Price Performance

Shares of NASDAQ FROG opened at $109.51 on Thursday. The company’s 50 day simple moving average is $94.04 and its 200 day simple moving average is $73.34. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $113.23. The firm has a market capitalization of $13.65 billion, a P/E ratio of -608.39 and a beta of 1.31.

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

Insider Buying and Selling

In related news, Director Frederic Simon sold 120,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $93.21, for a total value of $11,185,200.00. Following the completion of the sale, the director owned 2,864,328 shares in the company, valued at approximately $266,984,012.88. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 249,300 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the sale, the chief technology officer owned 5,199,038 shares of the company’s stock, valued at $523,647,107.36. This represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days. Company insiders own 11.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FROG. Oppenheimer increased their price objective on JFrog from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Benchmark boosted their target price on JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Guggenheim boosted their target price on JFrog from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. UBS Group set a $115.00 price target on JFrog in a research note on Friday, October 23rd. Finally, Truist Financial raised their price target on JFrog from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.43.

About JFrog

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.