Thornburg Investment Management Inc. Has $3.68 Million Position in JFrog Ltd. (NASDAQ:FROG)

Thornburg Investment Management Inc. lowered its position in JFrog Ltd. (NASDAQ:FROG) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,218 shares of the company’s stock after selling 1,876 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.12% of JFrog worth $3,683,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 574 shares during the last quarter. KBC Group NV lifted 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 buying an additional 1,105 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of JFrog during the 4th quarter worth about $131,000. Tower Research Capital LLC TRC lifted its stake in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after buying an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in JFrog during the fourth quarter worth about $193,000. 85.02% of the stock is owned by institutional investors.

JFrog Trading Down 0.1%

FROG opened at $43.11 on Monday. The company’s 50 day moving average is $33.58 and its 200-day moving average is $33.27. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79. The company has a market cap of $4.94 billion, a P/E ratio of -68.43 and a beta of 0.97.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period last year, the company posted $0.16 EPS. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the sale, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the sale, the director now owns 306,277 shares in the company, valued at approximately $12,410,344.04. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,848 shares of company stock worth $7,746,477. Corporate insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FROG shares. DA Davidson raised their price target on shares of JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Scotiabank lowered their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Finally, Raymond James started coverage on shares of JFrog in a research report on Friday, April 11th. They set an “outperform” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.65.

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.