Deutsche Bank AG Acquires 15,239 Shares of JFrog Ltd. (NASDAQ:FROG)

Deutsche Bank AG grew its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,807 shares of the company's stock after purchasing an additional 15,239 shares during the quarter. Deutsche Bank AG owned about 0.16% of JFrog worth $4,671,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FROG. Norges Bank acquired a new position in shares of JFrog during the 4th quarter worth approximately $32,878,000. Raymond James Financial Inc. bought a new position in shares of JFrog during the 4th quarter worth approximately $30,554,000. Champlain Investment Partners LLC boosted its stake in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after acquiring an additional 797,949 shares during the period. Bamco Inc. NY bought a new position in shares of JFrog during the 4th quarter worth approximately $21,322,000. Finally, Daventry Group LP boosted its stake in shares of JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock worth $41,283,000 after acquiring an additional 712,373 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Ratings Changes

FROG has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 target price on shares of JFrog in a research note on Monday, May 5th. Truist Financial lifted 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 reiterated 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. DA Davidson lifted their target price on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC lifted their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $41.65.

Insiders Place Their Bets

In related news, CFO Eduard Grabscheid sold 6,672 shares of JFrog stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $243,861.60. Following the sale, the chief financial officer now directly owns 166,236 shares in the company, valued at approximately $6,075,925.80. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction 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 sale, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,548 shares of company stock worth $7,167,041. Corporate insiders own 14.10% of the company's stock.

JFrog Stock Performance

Shares of FROG stock traded up $0.16 on Thursday, hitting $42.77. The company had a trading volume of 734,046 shares, compared to its average volume of 1,136,502. The firm has a market cap of $4.90 billion, a P/E ratio of -67.89 and a beta of 0.97. The stock's 50-day moving average is $34.17 and its two-hundred day moving average is $33.49. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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 return on equity of 6.42% and a negative net margin of 16.16%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

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.