Assenagon Asset Management S.A. Raises Stock Position in JFrog Ltd. (NASDAQ:FROG)

Assenagon Asset Management S.A. lifted its stake in JFrog Ltd. (NASDAQ:FROG) by 54.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 270,137 shares of the company’s stock after purchasing an additional 95,004 shares during the period. Assenagon Asset Management S.A.’s holdings in JFrog were worth $7,845,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock worth $335,141,000 after buying an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after acquiring an additional 561,897 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of JFrog by 4.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after purchasing an additional 73,036 shares during the period. Renaissance Technologies LLC boosted its position in shares of JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after purchasing an additional 254,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock worth $62,636,000 after purchasing an additional 41,275 shares during the period. Institutional investors own 85.02% of the company’s stock.

Insider Activity

In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other JFrog news, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the completion of the sale, the executive now directly owns 536,714 shares of the company’s stock, valued at approximately $15,183,639.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,031 shares of company stock valued at $5,103,847 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on FROG. UBS Group lowered their price objective on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley decreased their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Piper Sandler dropped their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.61.

JFrog Stock Performance

FROG opened at $29.32 on Tuesday. The company’s 50-day simple moving average is $28.52 and its two-hundred day simple moving average is $32.78. The stock has a market capitalization of $2.99 billion, a P/E ratio of -65.16 and a beta of 0.94. JFrog Ltd. has a 52-week low of $21.40 and a 52-week high of $48.81.

JFrog (NASDAQ:FROG) last released 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 net margin of 12.35% and a negative return on equity of 4.63%. The company had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. Research analysts forecast that JFrog Ltd. will post -0.28 EPS for the current fiscal year.

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.