Barclays PLC Decreases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Barclays PLC reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,956 shares of the company's stock after selling 146,094 shares during the quarter. Barclays PLC's holdings in JFrog were worth $735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE lifted its position in shares of JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the last quarter. Arizona State Retirement System boosted its holdings in JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after acquiring an additional 682 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of JFrog by 0.3% in the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock valued at $8,296,000 after purchasing an additional 968 shares during the period. Finally, KBC Group NV raised its stake in 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 period. Institutional investors own 85.02% of the company's stock.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the transaction, the chief technology officer now directly owns 6,526,901 shares of the company's stock, valued at $244,301,904.43. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 41,829 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 298,542 shares of company stock worth $10,443,488 in the last quarter. 14.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FROG shares. Raymond James began coverage on JFrog in a research report on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Canaccord Genuity Group lifted their target price on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Scotiabank lowered their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. KeyCorp reaffirmed an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, DA Davidson increased their price target on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday. Three equities research 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 company's stock. According to data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and an average price target of $41.65.

JFrog Price Performance

FROG traded up $3.45 during trading on Friday, reaching $38.71. 3,227,097 shares of the stock were exchanged, compared to its average volume of 1,167,262. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.00. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -61.44 and a beta of 0.97. The business's 50 day moving average price is $32.81 and its two-hundred day moving average price is $32.77.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm's quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.