Thrivent Financial for Lutherans Sells 43,053 Shares of JFrog Ltd. (NASDAQ:FROG)

Thrivent Financial for Lutherans decreased its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,781,494 shares of the company’s stock after selling 43,053 shares during the period. Thrivent Financial for Lutherans owned approximately 1.75% of JFrog worth $66,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. increased its holdings in JFrog by 3.3% during the 2nd quarter. Sei Investments Co. now owns 104,724 shares of the company’s stock worth $3,932,000 after purchasing an additional 3,314 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in shares of JFrog by 15.3% in the second quarter. Granite Investment Partners LLC now owns 163,703 shares of the company’s stock valued at $6,147,000 after purchasing an additional 21,698 shares in the last quarter. Blair William & Co. IL boosted its position in shares of JFrog by 30.2% during the second quarter. Blair William & Co. IL now owns 278,677 shares of the company’s stock worth $10,464,000 after buying an additional 64,668 shares during the period. Renaissance Technologies LLC grew its holdings in shares of JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after buying an additional 254,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in JFrog by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock valued at $62,636,000 after buying an additional 41,275 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on FROG shares. Scotiabank reduced their price target on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Barclays dropped their target price on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus reduced their price target on JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Truist Financial dropped their price objective on JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird started coverage on JFrog in a research report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.28.

JFrog Stock Performance

FROG opened at $28.61 on Friday. The stock has a fifty day moving average of $30.81 and a 200-day moving average of $35.38. The company has a market capitalization of $2.91 billion, a P/E ratio of -60.87 and a beta of 0.93. JFrog Ltd. has a fifty-two week low of $21.38 and a fifty-two week high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. On average, equities research analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the sale, the chief technology officer now directly owns 6,642,242 shares in the company, valued at $170,572,774.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other JFrog news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the transaction, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at approximately $170,572,774.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Tali Notman sold 5,882 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $37.51, for a total value of $220,633.82. Following the sale, the executive now owns 559,034 shares of the company’s stock, valued at $20,969,365.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,040 shares of company stock valued at $7,238,795. 15.70% of the stock is currently owned by company insiders.

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.