Bamco Inc. NY Buys New Stake in JFrog Ltd. (NASDAQ:FROG)

Bamco Inc. NY acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 725,000 shares of the company's stock, valued at approximately $21,322,000. Bamco Inc. NY owned 0.71% of JFrog at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake 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 in the last quarter. KBC Group NV lifted its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new position in shares of JFrog in the fourth quarter worth about $131,000. Tower Research Capital LLC TRC grew its position in shares of JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after purchasing an additional 5,297 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in JFrog during the 4th quarter valued at approximately $193,000. 85.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FROG. KeyCorp reissued an "overweight" rating and set a $46.00 price target (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Canaccord Genuity Group increased their target price on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Barclays raised their target price on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus upped their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC lifted their price objective on shares of 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.53.

JFrog Price Performance

NASDAQ FROG traded up $0.16 during trading on Wednesday, reaching $34.55. 911,143 shares of the company's stock traded hands, compared to its average volume of 1,158,634. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.00. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -54.84 and a beta of 0.97. The company's 50 day simple moving average is $32.77 and its two-hundred day simple moving average is $32.68.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, CFO Eduard Grabscheid sold 11,942 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $42.99, for a total transaction of $513,386.58. Following the transaction, the chief financial officer now directly owns 172,406 shares of the company's stock, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $36.19, for a total value of $542,850.00. Following the transaction, the chief technology officer now directly owns 6,532,242 shares in the company, valued at $236,401,837.98. This represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 331,317 shares of company stock worth $11,639,213 over the last quarter. Insiders own 14.10% of the company's stock.

JFrog 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.