Assenagon Asset Management S.A. Acquires 95,004 Shares of JFrog Ltd. (NASDAQ:FROG)

Assenagon Asset Management S.A. increased its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 54.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,137 shares of the company's stock after acquiring an additional 95,004 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.27% of JFrog worth $7,845,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of JFrog by 394.2% during the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company's stock valued at $1,268,000 after buying an additional 22,864 shares in the last quarter. Thornburg Investment Management Inc. purchased a new position in shares of JFrog during the first quarter valued at $5,337,000. Quadrature Capital Ltd grew its holdings in shares of JFrog by 86.8% during the first quarter. Quadrature Capital Ltd now owns 119,025 shares of the company's stock valued at $5,263,000 after buying an additional 55,296 shares in the last quarter. Tidal Investments LLC purchased a new position in JFrog in the first quarter valued at about $3,251,000. Finally, California State Teachers Retirement System grew its stake in JFrog by 9.0% in the first quarter. California State Teachers Retirement System now owns 75,583 shares of the company's stock valued at $3,342,000 after purchasing an additional 6,272 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 30,000 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the transaction, the executive now directly owns 559,034 shares in the company, valued at $20,505,367.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CRO Tali Notman sold 30,000 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the transaction, the executive now directly owns 559,034 shares in the company, valued at $20,505,367.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the sale, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,031 shares of company stock worth $5,103,847 over the last three months. Company insiders own 15.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America lowered their target price on JFrog from $54.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. KeyCorp boosted their target price on JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. UBS Group lowered their target price on JFrog from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Canaccord Genuity Group reduced their price target on JFrog from $48.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, Scotiabank reduced their price target on JFrog from $40.00 to $25.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. 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 MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and an average price target of $36.61.

JFrog Price Performance

Shares of NASDAQ FROG traded up $0.79 during trading hours on Tuesday, hitting $30.11. 532,848 shares of the company's stock were exchanged, compared to its average volume of 1,278,968. JFrog Ltd. has a 1-year low of $21.40 and a 1-year high of $48.81. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -66.18 and a beta of 0.94. The company's 50-day moving average price is $28.52 and its 200-day moving average price is $32.78.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The business had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. On average, research analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current year.

About JFrog

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.