Assenagon Asset Management S.A. Sells 218,898 Shares of JFrog Ltd. (NASDAQ:FROG)

Assenagon Asset Management S.A. lessened its holdings in JFrog Ltd. (NASDAQ:FROG) by 81.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,239 shares of the company’s stock after selling 218,898 shares during the quarter. Assenagon Asset Management S.A.’s holdings in JFrog were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in JFrog during the third quarter valued at about $29,000. West Tower Group LLC purchased a new position in JFrog in the third quarter valued at about $116,000. Sanctuary Advisors LLC purchased a new position in JFrog in the second quarter valued at about $188,000. Mackenzie Financial Corp grew its position in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of JFrog during the 2nd quarter worth approximately $222,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $34.50 on Friday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -65.09 and a beta of 0.95. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The firm has a fifty day moving average price of $31.14 and a two-hundred day moving average price of $30.82.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.24). The business had revenue of $109.06 million for the quarter, compared to analysts’ expectations of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Equities research analysts expect that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the sale, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,146 shares of company stock valued at $8,544,054. 15.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on FROG shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. Needham & Company LLC increased their price target on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays decreased their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Robert W. Baird upped their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, UBS Group lifted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.89.

JFrog 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.