Bamco Inc. NY boosted its holdings in JFrog Ltd. (NASDAQ:FROG – Free Report) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,249,068 shares of the company’s stock after acquiring an additional 100,043 shares during the quarter. Bamco Inc. NY owned about 1.06% of JFrog worth $59,118,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board purchased a new position in shares of JFrog in the 3rd quarter valued at about $3,247,000. HighTower Advisors LLC boosted its holdings in JFrog by 452.1% during the third quarter. HighTower Advisors LLC now owns 56,821 shares of the company’s stock worth $2,689,000 after buying an additional 46,529 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in JFrog by 3,033.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock worth $12,775,000 after buying an additional 281,844 shares in the last quarter. Federated Hermes Inc. acquired a new position in JFrog during the third quarter worth about $6,697,000. Finally, Wilson Asset Management International PTY Ltd. acquired a new position in JFrog during the third quarter worth about $3,133,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
JFrog Price Performance
FROG stock opened at $41.07 on Monday. The company’s 50 day simple moving average is $50.32 and its 200-day simple moving average is $53.45. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $70.43. The firm has a market capitalization of $4.91 billion, a PE ratio of -66.24 and a beta of 1.20.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. TD Cowen lifted their price target on shares of JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Piper Sandler lowered their price target on JFrog from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Canaccord Genuity Group dropped their price objective on JFrog from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Evercore set a $80.00 price objective on JFrog in a report on Thursday, February 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 target price on shares of JFrog in a research report on Wednesday, February 4th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.42.
Read Our Latest Analysis on FROG
Insider Buying and Selling at JFrog
In other JFrog news, CRO Tali Notman sold 21,097 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $41.28, for a total value of $870,884.16. Following the transaction, the executive directly owned 752,598 shares in the company, valued at approximately $31,067,245.44. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eduard Grabscheid sold 6,063 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $40.32, for a total transaction of $244,460.16. Following the sale, the chief financial officer directly owned 233,839 shares in the company, valued at $9,428,388.48. This represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 351,960 shares of company stock valued at $17,367,657. 14.10% of the stock is owned by company insiders.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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