Bessemer Group Inc. Increases Stake in JFrog Ltd. (NASDAQ:FROG)

Bessemer Group Inc. grew its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,240 shares of the company's stock after buying an additional 13,570 shares during the quarter. Bessemer Group Inc.'s holdings in JFrog were worth $1,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares in the last quarter. KBC Group NV increased its holdings in 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 buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in JFrog in the fourth quarter worth approximately $131,000. SG Americas Securities LLC bought a new stake in JFrog during the 4th quarter valued at $193,000. Finally, Park Avenue Securities LLC purchased a new position in shares of JFrog in the 4th quarter valued at $204,000. Institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FROG shares. DA Davidson dropped their price objective on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC boosted their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lowered their target price on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday. Raymond James assumed coverage on JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Finally, Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.71.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $0.72 during trading on Friday, reaching $31.08. The stock had a trading volume of 613,588 shares, compared to its average volume of 1,151,495. The business has a fifty day moving average price of $34.12 and a 200-day moving average price of $32.41. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The stock has a market cap of $3.56 billion, a PE ratio of -49.33 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results 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 business had revenue of $116.08 million for the quarter, compared to analysts' expectations of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Sell-side analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In other JFrog news, CFO Eduard Grabscheid sold 11,942 shares of JFrog stock in a transaction on Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares in the company, valued at $7,411,733.94. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the transaction, the chief executive officer now directly owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 429,104 shares of company stock worth $15,084,429. 15.70% of the stock is owned by corporate insiders.

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.