5 Small-Cap Stocks to Buy According to Billionaire Steve Cohen

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In this article, we discuss the 5 small-cap stocks to buy according to billionaire Steve Cohen. If you want to read our detailed analysis of these stocks, go directly to the 10 Small-Cap Stocks to Buy According to Billionaire Steve Cohen.

5. JFrog Ltd. (NASDAQ:FROG)

Number of Hedge Fund Holders: 20

Market Cap as of January 9: $2.7 billion

JFrog Ltd. (NASDAQ:FROG) provides a DevOps platform that assists clients with software release and update management. The company’s products and services are integrated into different platforms such as AWS, Slack, Netflix, and Google.

The tech company’s revenue in the third quarter was $53.7 million, a 38% increase year over year, and beat estimates by $1.2 million. During the third quarter, JFrog Ltd. (NASDAQ:FROG) saw a 49% increase in customers with more than $100,000 ARR to 466 and a 56% increase in customers with more than $1 million ARR to 14 customers.

Between June and September, Point72 Asset Management held 559,443 shares of JFrog Ltd. (NASDAQ:FROG). Similarly, a total of 20 hedge funds reported owning stakes in JFrog Ltd. (NASDAQ:FROG) at the end of the third quarter of 2021, up from 12 in the preceding quarter. Ashe Capital is the biggest stakeholder of the company.

On December 9, Stifel analyst Brad Reback upgraded JFrog Ltd. (NASDAQ:FROG) to Buy from Hold and set a price target of $45 for the stock.

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