Cornercap Investment Counsel Inc. Sells 13,499 Shares of JFrog Ltd. (NASDAQ:FROG)

Cornercap Investment Counsel Inc. lessened its stake in JFrog Ltd. (NASDAQ:FROG) by 52.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,076 shares of the company’s stock after selling 13,499 shares during the period. Cornercap Investment Counsel Inc.’s holdings in JFrog were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after acquiring an additional 210,000 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. Assetmark Inc. lifted its stake in shares of JFrog by 13.8% in the 3rd quarter. Assetmark Inc. now owns 58,105 shares of the company’s stock valued at $1,687,000 after acquiring an additional 7,049 shares during the last quarter. Olympiad Research LP bought a new stake in shares of JFrog in the 3rd quarter valued at about $229,000. Finally, Principal Financial Group Inc. increased its holdings in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the period. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FROG. DA Davidson restated a “buy” rating and set a $40.00 price target on shares of JFrog in a report on Monday, October 14th. Bank of America reduced their price target on JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Scotiabank upped their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Three research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

JFrog Trading Down 2.4 %

FROG stock opened at $30.72 on Monday. The stock has a market capitalization of $3.13 billion, a PE ratio of -57.96 and a beta of 0.93. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock’s 50 day simple moving average is $29.47 and its 200 day simple moving average is $31.96.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 11,621 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $314,464.26. Following the transaction, the executive now directly owns 547,413 shares of the company’s stock, valued at $14,812,995.78. This represents a 2.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief technology officer now directly owns 6,627,242 shares in the company, valued at $185,562,776. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,806 shares of company stock valued at $4,185,802. 15.70% of the stock is owned by corporate insiders.

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.