Bank of Montreal Can Makes New Investment in JFrog Ltd. (NASDAQ:FROG)

Bank of Montreal Can acquired a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,760 shares of the company's stock, valued at approximately $405,000.

Several other hedge funds also recently bought and sold shares of FROG. State Street Corp grew its position in JFrog by 4.3% in the third quarter. State Street Corp now owns 260,425 shares of the company's stock valued at $7,563,000 after purchasing an additional 10,634 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of JFrog by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company's stock valued at $3,939,000 after purchasing an additional 2,183 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of JFrog by 99.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company's stock valued at $321,000 after acquiring an additional 4,967 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of JFrog by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company's stock valued at $2,304,000 after acquiring an additional 3,507 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after purchasing an additional 514,895 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Down 2.8 %

Shares of NASDAQ FROG traded down $0.96 during trading on Monday, hitting $32.99. 1,638,234 shares of the company traded hands, compared to its average volume of 1,147,574. The firm has a market capitalization of $3.78 billion, a P/E ratio of -52.37 and a beta of 0.98. The company has a 50-day moving average price of $33.25 and a 200-day moving average price of $32.55. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.00.

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

Insider Activity

In related news, CTO Yoav Landman sold 4,111 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77. Following the transaction, the chief technology officer now owns 6,563,131 shares of the company's stock, valued at approximately $236,732,135.17. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eduard Grabscheid sold 6,672 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now owns 166,236 shares in the company, valued at approximately $6,075,925.80. This trade represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,317 shares of company stock worth $12,361,884 over the last 90 days. 14.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley decreased their price target on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Canaccord Genuity Group raised their target price on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. DA Davidson decreased their price objective on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James initiated coverage on shares of JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price target for the company. Finally, Barclays raised their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research report 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 stock. Based on data from MarketBeat.com, JFrog has an average rating of "Moderate Buy" and a consensus price target of $41.06.

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.