Thrivent Financial for Lutherans Grows Position in JFrog Ltd. (NASDAQ:FROG)

Thrivent Financial for Lutherans increased its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,374,972 shares of the company's stock after purchasing an additional 593,478 shares during the quarter. Thrivent Financial for Lutherans owned approximately 2.33% of JFrog worth $68,969,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company's stock valued at $25,963,000 after buying an additional 210,000 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after buying an additional 1,617,551 shares in the last quarter. Assetmark Inc. lifted its stake in shares of JFrog by 13.8% in the 3rd quarter. Assetmark Inc. now owns 58,105 shares of the company's stock valued at $1,687,000 after purchasing an additional 7,049 shares during the last quarter. Olympiad Research LP acquired a new position in shares of JFrog in the 3rd quarter valued at $229,000. Finally, Principal Financial Group Inc. lifted its stake in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after purchasing an additional 514,895 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FROG. DA Davidson reaffirmed a "buy" rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. KeyCorp upped their price target on JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. Piper Sandler decreased their price target on JFrog from $40.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Truist Financial reissued a "buy" rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.72.

Insider Activity

In other news, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,627,242 shares of the company's stock, valued at $185,562,776. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 20,606 shares of JFrog 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 transaction, the chief executive officer now directly owns 5,027,493 shares of the company's stock, valued at approximately $136,043,960.58. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,806 shares of company stock valued at $4,185,802 in the last three months. 15.70% of the stock is currently owned by company insiders.

JFrog Stock Performance

JFrog stock traded down $0.56 during mid-day trading on Monday, reaching $30.16. 687,353 shares of the company were exchanged, compared to its average volume of 1,270,690. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The firm's 50-day simple moving average is $29.51 and its two-hundred day simple moving average is $31.89. The firm has a market cap of $3.07 billion, a PE ratio of -56.91 and a beta of 0.93.

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.