Allspring Global Investments Holdings LLC Sells 115,260 Shares of JFrog Ltd. (NASDAQ:FROG) (2024)

Allspring Global Investments Holdings LLC lessened its stake in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 487,058 shares of the company’s stock after selling 115,260 shares during the period. Allspring Global Investments Holdings LLC’s holdings in JFrog were worth $16,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of JFrog during the 1st quarter valued at approximately $25,000. Fred Alger Management LLC bought a new position in shares of JFrog in the third quarter worth approximately $35,000. Advisors Asset Management Inc. increased its stake in shares of JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 829 shares in the last quarter. US Bancorp DE increased its stake in shares of JFrog by 2,303.3% in the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of JFrog during the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FROG. Scotiabank started coverage on shares of JFrog in a report on Thursday, March 7th. They issued a “buy” rating for the company. Truist Financial upped their price target on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Bank Of America (Bofa) boosted their target price on shares of JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Finally, Oppenheimer lifted their price target on shares of JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.46.

Read Our Latest Report on FROG

JFrog Trading Down 4.2 %

NASDAQ:FROG opened at $38.60 on Monday. The stock has a fifty day simple moving average of $42.20 and a 200-day simple moving average of $33.49. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -64.33 and a beta of 0.99. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81.

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, meeting analysts’ consensus estimates of ($0.07). The company 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, equities research analysts predict that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 1,200 shares of JFrog stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction 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 filing with the SEC, which is available at the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $35.00, for a total transaction of $42,000.00. Following the transaction, the chief executive officer now owns 4,969,129 shares of the company’s stock, valued at approximately $173,919,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the sale, the director now directly owns 4,909,432 shares of the company’s stock, valued at approximately $168,540,800.56. The disclosure for this sale can be found here. Insiders have sold a total of 462,555 shares of company stock valued at $20,671,617 over the last quarter. 30.60% of the stock is owned by corporate insiders.

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.

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