Bayesian Capital Management LP Has $1.35 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

Bayesian Capital Management LP decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,900 shares of the company's stock after selling 11,200 shares during the quarter. Bayesian Capital Management LP's holdings in JFrog were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE boosted its holdings in shares of JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after buying an additional 512 shares during the period. Jones Financial Companies Lllp boosted its holdings in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the period. Arizona State Retirement System grew its position 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 valued at $800,000 after purchasing an additional 682 shares during the last quarter. Blair William & Co. IL grew its position in shares of JFrog by 0.3% in the fourth quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock valued at $8,296,000 after purchasing an additional 968 shares during the last quarter. Finally, KBC Group NV boosted its stake in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

Shares of JFrog stock traded up $3.45 during trading hours on Friday, hitting $38.71. The company's stock had a trading volume of 3,227,097 shares, 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 company has a market capitalization of $4.43 billion, a PE ratio of -61.44 and a beta of 0.97. The stock has a 50 day moving average of $32.81 and a 200 day moving average of $32.79.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank reduced their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Morgan Stanley upped their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday. Raymond James initiated coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 target price on shares of JFrog in a research note on Monday, May 5th. Three 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.65.

Insider Activity at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the transaction, the director now directly owns 4,409,432 shares in the company, valued at approximately $158,386,797.44. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eduard Grabscheid sold 11,942 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the completion of the sale, the chief financial officer now owns 172,406 shares of the company's stock, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,542 shares of company stock valued at $10,443,488. Corporate insiders own 14.10% of the company's stock.

About JFrog

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.