Man Group plc Makes New $1.13 Million Investment in JFrog Ltd. (NASDAQ:FROG)

Man Group plc bought a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,466 shares of the company's stock, valued at approximately $1,131,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FROG. Vanguard Group Inc. grew its stake in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after buying an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after buying an additional 365,376 shares during the period. Champlain Investment Partners LLC lifted its holdings in JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after buying an additional 797,949 shares during the period. Wasatch Advisors LP lifted its holdings in JFrog by 3.3% in the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after buying an additional 70,204 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in JFrog by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after purchasing an additional 53,622 shares during the period. Institutional investors own 85.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FROG shares. Morgan Stanley raised their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Raymond James initiated coverage on shares of JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Barclays cut their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Canaccord Genuity Group lifted their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Trading Down 0.7%

NASDAQ:FROG traded down $0.32 during mid-day trading on Wednesday, reaching $42.79. The company's stock had a trading volume of 375,174 shares, compared to its average volume of 1,048,273. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.79. The firm's fifty day moving average price is $34.86 and its two-hundred day moving average price is $33.83. The stock has a market cap of $4.90 billion, a P/E ratio of -68.00 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, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 4,982,254 shares in the company, valued at approximately $182,101,383.70. The trade was a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief financial officer now owns 166,236 shares of the company's stock, valued at approximately $6,075,925.80. This represents a 3.86% 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 in the last ninety days. Corporate insiders own 14.10% of the company's stock.

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.