Allspring Global Investments Holdings LLC lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG – Get Rating) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,532 shares of the company's stock after selling 720 shares during the period. Allspring Global Investments Holdings LLC's holdings in JFrog were worth $144,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of FROG. Raymond James & Associates lifted its holdings in shares of JFrog by 9.3% during the 1st quarter. Raymond James & Associates now owns 44,511 shares of the company's stock valued at $1,200,000 after purchasing an additional 3,800 shares in the last quarter. US Bancorp DE grew its stake in shares of JFrog by 2,303.3% during the 1st quarter. US Bancorp DE now owns 2,211 shares of the company's stock worth $60,000 after acquiring an additional 2,119 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of JFrog by 74.3% in the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company's stock valued at $317,000 after purchasing an additional 5,012 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of JFrog by 2.4% in the first quarter. Rhumbline Advisers now owns 56,791 shares of the company's stock valued at $1,531,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of JFrog in the first quarter worth $10,228,000. Institutional investors own 53.34% of the company's stock.
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Insiders Place Their Bets
In related news, CRO Tali Notman sold 3,198 shares of the company's stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $22.34, for a total transaction of $71,443.32. Following the completion of the transaction, the executive now directly owns 471,737 shares in the company, valued at approximately $10,538,604.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CRO Tali Notman sold 3,198 shares of the company's stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $22.34, for a total transaction of $71,443.32. Following the completion of the transaction, the executive now directly owns 471,737 shares in the company, valued at approximately $10,538,604.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $23.49, for a total transaction of $140,940.00. Following the transaction, the chief financial officer now owns 292,609 shares of the company's stock, valued at $6,873,385.41. The disclosure for this sale can be found here. Insiders sold 287,076 shares of company stock worth $6,548,984 in the last quarter. 33.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FROG. Morgan Stanley decreased their target price on shares of JFrog from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, October 20th. Piper Sandler decreased their target price on shares of JFrog from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, January 5th. JPMorgan Chase & Co. decreased their target price on shares of JFrog from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, November 3rd. Bank of America raised shares of JFrog from a "neutral" rating to a "buy" rating and raised their target price for the company from $28.00 to $32.00 in a research report on Wednesday, January 4th. Finally, Needham & Company LLC decreased their target price on shares of JFrog from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.36.
JFrog Stock Performance
Shares of FROG stock opened at $26.77 on Friday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -28.85 and a beta of 0.33. The company has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $22.49. JFrog Ltd. has a 52 week low of $16.36 and a 52 week high of $28.18.
JFrog (NASDAQ:FROG – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The company had revenue of $71.99 million for the quarter, compared to the consensus estimate of $71.08 million. JFrog had a negative return on equity of 10.12% and a negative net margin of 34.15%. Sell-side analysts forecast that JFrog Ltd. will post -0.62 EPS for the current year.
JFrog Company Profile
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JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.
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