Barclays PLC Has $735,000 Holdings in JFrog Ltd. (NASDAQ:FROG)

Barclays PLC trimmed its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 85.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,956 shares of the company's stock after selling 146,094 shares during the period. Barclays PLC's holdings in JFrog were worth $735,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in JFrog in the fourth quarter worth about $32,878,000. Raymond James Financial Inc. acquired a new position in JFrog in the fourth quarter worth about $30,554,000. Principal Financial Group Inc. raised its position in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after purchasing an additional 514,895 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

NASDAQ:FROG traded up $2.22 on Monday, hitting $41.22. 225,474 shares of the company's stock were exchanged, compared to its average volume of 1,132,258. The firm has a 50-day moving average price of $32.81 and a 200-day moving average price of $32.82. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.00. The company has a market cap of $4.72 billion, a P/E ratio of -65.12 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same period in the previous year, the firm posted $0.16 EPS. The company's revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James assumed coverage on JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective on the stock. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC increased their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Truist Financial increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.65.

Insider Activity

In other news, CTO Yoav Landman sold 24,652 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $37.43, for a total value of $922,724.36. Following the completion of the sale, the chief technology officer now directly owns 6,526,901 shares of the company's stock, valued at $244,301,904.43. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,442 shares of company stock valued at $10,439,788. 14.10% of the stock is owned by company insiders.

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.