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

Thrivent Financial for Lutherans trimmed its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,316,764 shares of the company's stock after selling 58,208 shares during the period. Thrivent Financial for Lutherans owned about 2.27% of JFrog worth $68,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp lifted its position in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the last quarter. KBC Group NV lifted its holdings in shares of JFrog by 39.0% during 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 acquired a new position in shares of JFrog in the 3rd quarter valued at $116,000. BankPlus Trust Department acquired a new position in shares of JFrog in the 4th quarter valued at $131,000. Finally, SG Americas Securities LLC purchased a new position in JFrog in the 4th quarter worth about $193,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

FROG has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Needham & Company LLC increased their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Barclays lifted their price target on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

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JFrog Trading Up 0.3 %

NASDAQ FROG traded up $0.11 during trading on Friday, reaching $33.98. The company's stock had a trading volume of 597,763 shares, compared to its average volume of 1,122,244. The stock has a market capitalization of $3.46 billion, a PE ratio of -53.94 and a beta of 0.95. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.94. The business has a 50-day moving average price of $35.50 and a 200-day moving average price of $31.92.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the transaction, the chief executive officer now owns 4,884,584 shares of the company's stock, valued at $154,010,933.52. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares in the company, valued at approximately $12,410,344.04. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

About JFrog

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.