JFrog Ltd. (NASDAQ:FROG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 487,058 shares of the company's stock after selling 115,260 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.48% of JFrog worth $16,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FROG. State of Wyoming raised its position in JFrog by 11.4% during the 4th quarter. State of Wyoming now owns 5,102 shares of the company's stock worth $109,000 after buying an additional 523 shares during the last quarter. Advisors Asset Management Inc. raised its position in JFrog by 148.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock worth $35,000 after buying an additional 829 shares during the last quarter. Barclays PLC grew its stake in shares of JFrog by 8.3% during the 3rd quarter. Barclays PLC now owns 13,173 shares of the company's stock worth $334,000 after purchasing an additional 1,012 shares during the period. California State Teachers Retirement System increased its holdings in shares of JFrog by 2.9% during the 3rd quarter. California State Teachers Retirement System now owns 42,507 shares of the company's stock valued at $940,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of JFrog by 10.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,122 shares of the company's stock valued at $333,000 after purchasing an additional 1,249 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the transaction, the director now owns 4,909,432 shares of the company's stock, valued at approximately $168,540,800.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JFrog news, CFO Eduard Grabscheid sold 605 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $26,553.45. Following the transaction, the chief financial officer now owns 85,565 shares of the company's stock, valued at $3,755,447.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the transaction, the director now directly owns 4,909,432 shares in the company, valued at approximately $168,540,800.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 462,555 shares of company stock valued at $20,671,617. 30.60% of the stock is currently owned by insiders.

JFrog Stock Down 3.0 %

Shares of JFrog stock traded down $1.15 during trading hours on Monday, reaching $37.45. 987,220 shares of the company's stock were exchanged, compared to its average volume of 1,266,359. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81. The company has a market capitalization of $3.82 billion, a P/E ratio of -64.33 and a beta of 0.99. The business has a fifty day moving average of $42.20 and a two-hundred day moving average of $33.49.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. As a group, research analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FROG. Truist Financial lifted their target price on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. TheStreet raised shares of JFrog from a "d+" rating to a "c-" rating in a report on Friday, December 29th. KeyCorp started coverage on shares of JFrog in a report on Tuesday, March 19th. They issued an "overweight" rating and a $52.00 price target for the company. Cantor Fitzgerald boosted their price target on shares of JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Finally, Morgan Stanley boosted their price target on shares of JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.46.

JFrog Company 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.