Bank of Montreal Can Buys New Stake in JFrog Ltd. (NASDAQ:FROG)

Bank of Montreal Can purchased a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,760 shares of the company's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares during the period. Jones Financial Companies Lllp raised its position in 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. Arizona State Retirement System lifted its holdings in JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after acquiring an additional 682 shares during the period. Blair William & Co. IL boosted its position in JFrog by 0.3% in the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock worth $8,296,000 after purchasing an additional 968 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Price Performance

NASDAQ:FROG opened at $30.61 on Wednesday. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The company's 50-day moving average is $33.84 and its two-hundred day moving average is $32.40. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -48.59 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million during 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%. As a group, equities analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

FROG has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $38.00 price objective on shares of JFrog in a report on Wednesday, February 12th. Truist Financial lifted their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, KeyCorp reissued an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.71.

Insider Activity

In other JFrog news, CFO Eduard Grabscheid sold 2,152 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares in the company, valued at approximately $3,275,895. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the transaction, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 429,104 shares of company stock valued at $15,084,429. Insiders own 15.70% of the company's stock.

JFrog Company 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.

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