Orion Portfolio Solutions LLC Has $1.20 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

Orion Portfolio Solutions LLC cut its holdings in JFrog Ltd. (NASDAQ:FROG) by 6.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FROG. Mackenzie Financial Corp increased its holdings in 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 buying an additional 384 shares during the last quarter. George Kaiser Family Foundation increased its holdings in JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after buying an additional 532 shares during the last quarter. Van ECK Associates Corp increased its holdings in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after buying an additional 577 shares during the last quarter. US Bancorp DE increased its holdings in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in JFrog during the third quarter worth $29,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Yossi Sela sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the transaction, the director now directly owns 355,129 shares in the company, valued at $11,314,409.94. This trade represents a 6.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $30.46, for a total value of $1,066,100.00. Following the completion of the transaction, the director now owns 4,479,432 shares in the company, valued at approximately $136,443,498.72. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,921 shares of company stock worth $7,473,409. Corporate insiders own 15.70% of the company’s stock.

JFrog Stock Performance

JFrog stock opened at $30.16 on Friday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -56.91 and a beta of 0.94. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock’s 50 day moving average price is $30.53 and its two-hundred day moving average price is $31.36.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FROG shares. Barclays lowered their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. KeyCorp boosted their target price on shares of 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 shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, TD Cowen upped their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.