Connor Clark & Lunn Investment Management Ltd. Has $6.73 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 1,277.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 231,762 shares of the company's stock after purchasing an additional 214,935 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of JFrog worth $6,730,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. raised its position in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock valued at $116,000 after buying an additional 662 shares during the last quarter. SG Americas Securities LLC bought a new stake in JFrog in the 2nd quarter valued at approximately $187,000. Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter worth approximately $188,000. Finally, US Bancorp DE grew its stake in shares of JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after acquiring an additional 798 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the transaction, the director now directly owns 4,514,432 shares of the company's stock, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,153 shares of company stock worth $5,276,489 in the last 90 days. Company insiders own 15.70% of the company's stock.

JFrog Stock Performance

NASDAQ:FROG traded up $0.21 during mid-day trading on Friday, hitting $32.15. 575,925 shares of the stock were exchanged, compared to its average volume of 994,203. The firm's 50-day simple moving average is $29.77 and its 200 day simple moving average is $31.69. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of -60.66 and a beta of 0.93. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Analyst Ratings Changes

A number of brokerages have recently commented on FROG. Truist Financial reissued a "buy" rating and issued a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Barclays reduced their price objective on shares of JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. UBS Group lifted their target price on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Oppenheimer cut JFrog from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 8th. Finally, Baird R W raised JFrog to a "strong-buy" rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.72.

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.