JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,807 shares of the company's stock after purchasing an additional 15,239 shares during the period. Deutsche Bank AG owned approximately 0.16% of JFrog worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of 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 in the last quarter. KBC Group NV raised 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 valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog during the fourth quarter valued at approximately $131,000. Tower Research Capital LLC TRC raised its stake in shares of JFrog by 33,106.3% during the fourth 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 in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog during the fourth quarter valued at approximately $193,000. Institutional investors own 85.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FROG. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday. Scotiabank cut their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Barclays cut their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. 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.com, JFrog currently has an average rating of "Moderate Buy" and an average price target of $41.44.

Insider Activity

In other news, CFO Eduard Grabscheid sold 6,672 shares of the business'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 sale, the chief financial officer now directly owns 166,236 shares of the company's stock, valued at $6,075,925.80. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 41,829 shares of the business'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 $1,528,849.95. Following the sale, the chief executive officer now directly 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. Insiders have sold 212,548 shares of company stock valued at $7,167,041 over the last ninety days. 14.10% of the stock is currently owned by insiders.

JFrog Price Performance

NASDAQ FROG traded down $0.28 on Friday, hitting $42.49. The stock had a trading volume of 598,433 shares, compared to its average volume of 1,136,429. The business's fifty day moving average price is $34.51 and its 200 day moving average price is $33.68. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.79. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -67.44 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 (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business's revenue for the quarter was up 22.0% on a year-over-year basis. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.