Clal Insurance Enterprises Holdings Ltd Has $29.66 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Key Points

• Clal Insurance Enterprises Holdings Ltd has reduced its stake in JFrog Ltd. by 9.7%, owning 926,812 shares worth approximately $29.66 million as of the latest SEC filing.
• JFrog's recent earnings report showed an EPS of $0.18, exceeding estimates, with a revenue growth of 23.5% compared to the previous year.
• Institutional investors own 85.02% of JFrog's stock, reflecting strong interest from hedge funds and other investment firms.

Clal Insurance Enterprises Holdings Ltd trimmed its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 926,812 shares of the company's stock after selling 100,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 0.81% of JFrog worth $29,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of JFrog by 19.8% during the fourth quarter. LPL Financial LLC now owns 22,002 shares of the company's stock worth $647,000 after acquiring an additional 3,633 shares during the period. Geode Capital Management LLC raised its holdings in shares of JFrog by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 143,481 shares of the company's stock worth $4,220,000 after acquiring an additional 7,839 shares during the period. Bank of Montreal Can acquired a new stake in JFrog in the 4th quarter valued at $405,000. Legal & General Group Plc increased its stake in JFrog by 4.1% in the 4th quarter. Legal & General Group Plc now owns 542,055 shares of the company's stock valued at $15,942,000 after buying an additional 21,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in JFrog in the 4th quarter valued at $30,554,000. 85.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FROG shares. Barclays lifted their price target on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Robert W. Baird set a $47.00 price objective on shares of JFrog and gave the company an "outperform" rating in a research report on Monday, August 4th. Stifel Nicolaus lifted their price objective on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. KeyCorp lifted their price objective on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, DA Davidson lifted their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued 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 target price of $46.87.

JFrog Trading Up 5.6%

NASDAQ FROG traded up $2.38 during trading on Friday, reaching $45.11. The company's stock had a trading volume of 2,107,467 shares, compared to its average volume of 1,396,270. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -58.58 and a beta of 1.06. JFrog Ltd. has a 12 month low of $25.93 and a 12 month high of $46.64. The firm has a 50 day moving average price of $42.05 and a 200 day moving average price of $38.13.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the transaction, the director directly owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares of the company's stock, valued at $29,623,297.60. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,338 shares of company stock worth $13,154,150. 14.10% of the stock is currently 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.