Bamco Inc. NY Buys Shares of 725,000 JFrog Ltd. (NASDAQ:FROG)

Bamco Inc. NY purchased a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 725,000 shares of the company's stock, valued at approximately $21,322,000. Bamco Inc. NY owned about 0.71% of JFrog as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in FROG. US Bancorp DE lifted its position in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after purchasing an additional 512 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after buying an additional 574 shares during the period. Arizona State Retirement System boosted its stake in shares of JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after buying an additional 682 shares during the last quarter. Blair William & Co. IL grew its holdings in JFrog by 0.3% during the fourth quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock worth $8,296,000 after acquiring an additional 968 shares during the period. Finally, KBC Group NV raised its position in JFrog by 39.0% during 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. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Price Performance

Shares of FROG stock traded up $3.45 during trading hours on Friday, reaching $38.71. 3,227,097 shares of the stock were exchanged, compared to its average volume of 1,135,392. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.00. The firm has a market capitalization of $4.43 billion, a P/E ratio of -61.44 and a beta of 0.97. The business's fifty day moving average is $32.81 and its two-hundred day moving average is $32.79.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the completion of the transaction, the director now directly owns 4,409,432 shares of the company's stock, valued at approximately $158,386,797.44. This represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the transaction, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,542 shares of company stock worth $10,443,488. Company insiders own 14.10% of the company's stock.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of analyst reports. Truist Financial upped their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Canaccord Genuity Group boosted their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Raymond James assumed coverage on shares of JFrog in a report on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective on the stock. Scotiabank cut their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley raised their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.65.

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.