Allspring Global Investments Holdings LLC Has $16.86 Million Stock Position in JFrog Ltd. (NASDAQ:FROG) (2024)

Allspring Global Investments Holdings LLC lowered its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,058 shares of the company's stock after selling 115,260 shares during the period. Allspring Global Investments Holdings LLC owned about 0.48% of JFrog worth $16,857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company's stock valued at $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of JFrog by 243.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company's stock valued at $40,963,000 after purchasing an additional 1,144,315 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of JFrog by 455.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,097,340 shares of the company's stock valued at $23,121,000 after purchasing an additional 899,673 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of JFrog by 695.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 979,900 shares of the company's stock valued at $27,143,000 after purchasing an additional 856,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of JFrog by 1,108.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 804,668 shares of the company's stock valued at $15,850,000 after purchasing an additional 738,078 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 1,200 shares of the company's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total value of $42,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,969,129 shares of the company's stock, valued at approximately $173,919,515. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Ben Haim Shlomi sold 1,200 shares of the company's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total value of $42,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,969,129 shares of the company's stock, valued at approximately $173,919,515. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Tali Notman sold 6,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $42.60, for a total value of $255,600.00. Following the sale, the executive now directly owns 522,348 shares of the company's stock, valued at $22,252,024.80. The disclosure for this sale can be found here. Insiders sold a total of 462,555 shares of company stock valued at $20,671,617 in the last ninety days. 30.60% of the stock is owned by insiders.

JFrog Trading Down 1.3 %

Shares of NASDAQ:FROG opened at $38.08 on Monday. The stock has a market capitalization of $3.88 billion, a P/E ratio of -64.33 and a beta of 0.99. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81. The business has a 50-day moving average price of $42.20 and a two-hundred day moving average price of $33.49.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Needham & Company LLC boosted their target price on shares of JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. Oppenheimer boosted their target price on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Morgan Stanley upped their price target on shares of JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. Finally, Bank Of America (Bofa) upped their price target on shares of JFrog from $36.00 to $54.00 in a research 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.46.

Read Our Latest Report on JFrog

About JFrog

(Free Report)

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.

See Also

• Five stocks we like better than JFrog
• Are Penny Stocks a Good Fit for Your Portfolio?
• Kraft Heinz Stock Comprehensive Analysis for 2024
• Election Stocks: How Elections Affect the Stock Market
• NVIDIA Stock Analysis: Insights and Predictions for Investors
• 3 Warren Buffett Stocks to Buy Now
• 5 Small-Cap Energy Stocks Surged in Price and Volume on Friday

Should you invest $1,000 in JFrog right now?

Before you consider JFrog, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.

While JFrog currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here