Ameriprise Financial Inc. Has $3.77 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Ameriprise Financial Inc. grew its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,055 shares of the company's stock after acquiring an additional 29,372 shares during the quarter. Ameriprise Financial Inc. owned 0.13% of JFrog worth $3,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FROG. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 574 shares during the last quarter. KBC Group NV increased its stake in shares of JFrog by 39.0% in the 4th 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 during the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog in the 4th quarter valued at about $131,000. Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog in the 4th quarter valued at about $193,000. 85.02% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the sale, the chief executive officer now owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. This represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Tali Notman sold 16,548 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 $604,829.40. Following the completion of the sale, the executive now directly owns 744,903 shares of the company's stock, valued at approximately $27,226,204.65. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 212,548 shares of company stock valued at $7,167,041. 14.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Truist Financial increased their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. KeyCorp reissued an "overweight" rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Raymond James began coverage on JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 target price for the company. Three investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.44.

JFrog Price Performance

NASDAQ:FROG traded down $0.17 during trading hours on Friday, reaching $42.73. 698,002 shares of the stock were exchanged, compared to its average volume of 1,125,082. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.79. The firm has a 50 day moving average of $35.36 and a 200 day moving average of $34.07. The stock has a market cap of $4.90 billion, a PE ratio of -67.83 and a beta of 0.97.

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, topping analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The business's revenue was up 22.0% on a year-over-year basis. Equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.