Bayesian Capital Management LP Decreases Holdings in JFrog Ltd. (NASDAQ:FROG)

Bayesian Capital Management LP reduced its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp grew 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 worth $35,000 after buying an additional 574 shares during the last quarter. KBC Group NV grew its stake in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of JFrog during the fourth quarter valued at about $131,000. Tower Research Capital LLC TRC raised its position in shares of JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in JFrog in the 4th quarter worth approximately $193,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FROG has been the subject of several research reports. KeyCorp reiterated an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Morgan Stanley cut their price objective on JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Scotiabank dropped their target price on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Barclays raised their price target 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. Finally, Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.06.

JFrog Trading Up 0.9 %

Shares of FROG opened at $34.83 on Monday. The firm has a market cap of $3.99 billion, a P/E ratio of -55.29 and a beta of 0.97. The stock's 50 day moving average is $32.93 and its two-hundred day moving average is $32.63. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Buying and Selling

In other news, CFO Eduard Grabscheid sold 6,672 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $243,861.60. Following the completion of the sale, the chief financial officer now owns 166,236 shares of the company's stock, valued at $6,075,925.80. This represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at $196,003,635.45. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 347,206 shares of company stock worth $12,213,601 in the last 90 days. 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.

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