Clal Insurance Enterprises Holdings Ltd Sells 200,000 Shares of JFrog Ltd. (NASDAQ:FROG)

Clal Insurance Enterprises Holdings Ltd lowered its holdings in JFrog Ltd. (NASDAQ:FROG) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,026,812 shares of the company’s stock after selling 200,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in JFrog were worth $29,819,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FROG. Vanguard Group Inc. boosted its holdings in JFrog by 7.4% during the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after purchasing an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares in the last quarter. TimesSquare Capital Management LLC grew its position in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the period. Thrivent Financial for Lutherans raised its stake in JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after acquiring an additional 593,478 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 valued at $62,904,000 after acquiring an additional 254,100 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FROG. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Scotiabank lifted their target price on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Canaccord Genuity Group decreased their price target on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.72.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % 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 three months. Insiders own 15.70% of the company’s stock.

JFrog Stock Up 0.7 %

FROG opened at $32.15 on Friday. The company has a fifty day moving average price of $29.77 and a two-hundred day moving average price of $31.75. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

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.