Thrivent Financial for Lutherans Sells 58,208 Shares of JFrog Ltd. (NASDAQ:FROG)

Thrivent Financial for Lutherans lowered its position in shares of JFrog Ltd. (NASDAQ:FROG) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,316,764 shares of the company’s stock after selling 58,208 shares during the quarter. Thrivent Financial for Lutherans owned approximately 2.27% of JFrog worth $68,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV increased its holdings in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after purchasing an additional 1,105 shares during the last quarter. West Tower Group LLC bought a new stake in JFrog in the third quarter valued at about $116,000. BankPlus Trust Department bought a new stake in JFrog in the fourth quarter valued at about $131,000. Finally, SG Americas Securities LLC bought a new stake in JFrog in the fourth quarter valued at about $193,000. Institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FROG shares. Morgan Stanley boosted their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted 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. Truist Financial boosted 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. KeyCorp reissued an “overweight” rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Needham & Company LLC upped their price objective on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the transaction, the director now owns 4,374,432 shares of the company’s stock, valued at approximately $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the transaction, the chief financial officer now directly owns 93,597 shares in the company, valued at approximately $3,275,895. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 439,104 shares of company stock valued at $15,514,264. 15.70% of the stock is currently owned by company insiders.

JFrog Price Performance

Shares of FROG stock opened at $33.92 on Wednesday. The company’s fifty day simple moving average is $35.35 and its two-hundred day simple moving average is $31.81. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $46.65. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -53.84 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. Equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.