Bamco Inc. NY Invests $21.32 Million in JFrog Ltd. (NASDAQ:FROG)

Bamco Inc. NY bought a new stake in JFrog Ltd. (NASDAQ:FROG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 725,000 shares of the company’s stock, valued at approximately $21,322,000. Bamco Inc. NY owned approximately 0.71% of JFrog at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in shares of JFrog in the 4th quarter valued at about $212,000. Ameriprise Financial Inc. grew its holdings in JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company’s stock worth $3,766,000 after purchasing an additional 29,372 shares during the period. Ararat Capital Management LP increased its position in JFrog by 14.4% during the fourth quarter. Ararat Capital Management LP now owns 585,926 shares of the company’s stock worth $17,232,000 after buying an additional 73,618 shares during the last quarter. One68 Global Capital LLC bought a new stake in JFrog in the fourth quarter valued at approximately $309,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of JFrog by 134.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 33,270 shares of the company’s stock valued at $978,000 after buying an additional 19,057 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FROG has been the topic of a number of research analyst reports. KeyCorp restated an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Raymond James assumed coverage on shares of JFrog in a research report on Friday, April 11th. They issued an “outperform” rating and a $40.00 price objective on the stock. Needham & Company LLC lifted their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Finally, DA Davidson reduced their price objective on JFrog from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three investment 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, JFrog currently has an average rating of “Moderate Buy” and an average target price of $41.06.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the transaction, the chief executive officer now owns 4,866,809 shares in the company, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total value of $573,200.00. Following the sale, the director now owns 4,354,432 shares of the company’s stock, valued at approximately $124,798,021.12. This represents a 0.46 % 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 over the last three months. Corporate insiders own 14.10% of the company’s stock.

JFrog Stock Performance

NASDAQ:FROG opened at $34.83 on Monday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -55.29 and a beta of 0.97. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The stock has a fifty day moving average price of $32.93 and a 200-day moving average price of $32.63.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data 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 firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal 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.