Orion Portfolio Solutions LLC Sells 2,942 Shares of JFrog Ltd. (NASDAQ:FROG)

Orion Portfolio Solutions LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 41,152 shares of the company’s stock after selling 2,942 shares during the period. Orion Portfolio Solutions LLC’s holdings in JFrog were worth $1,195,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in JFrog during the 3rd quarter valued at $29,000. West Tower Group LLC bought a new position in JFrog during the 3rd quarter valued at $116,000. SG Americas Securities LLC purchased a new stake in shares of JFrog during the 2nd quarter valued at $187,000. Sanctuary Advisors LLC purchased a new stake in shares of JFrog during the 2nd quarter valued at $188,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of JFrog during the 2nd quarter valued at $210,000. 85.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the transaction, the chief financial officer now owns 97,260 shares of the company’s stock, valued at approximately $2,976,156. The trade was a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at $149,256,870. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,921 shares of company stock worth $7,473,409 over the last ninety days. Company insiders own 15.70% of the company’s stock.

JFrog Stock Down 0.8 %

Shares of FROG opened at $30.16 on Friday. The business’s 50-day moving average price is $30.53 and its 200-day moving average price is $31.36. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The stock has a market cap of $3.07 billion, a PE ratio of -56.91 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FROG. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. KeyCorp raised their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Barclays decreased their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Three research 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 stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

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.