Clal Insurance Enterprises Holdings Ltd Has $29.82 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Clal Insurance Enterprises Holdings Ltd reduced its position in shares of JFrog Ltd. (NASDAQ:FROG) by 16.3% during the 3rd quarter, according to the company in its most recent 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 owned 1.01% of JFrog worth $29,819,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in JFrog by 394.2% during the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after buying an additional 22,864 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of JFrog in the 1st quarter valued at about $494,000. Vanguard Group Inc. lifted its position in shares of JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock worth $335,141,000 after purchasing an additional 523,432 shares in the last quarter. Advisors Asset Management Inc. grew its position in JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in JFrog by 6.0% during the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after purchasing an additional 879 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FROG. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Bank of America reduced their price target on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Piper Sandler dropped their price objective on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

JFrog Trading Up 0.7 %

JFrog stock opened at $32.15 on Friday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The business’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $31.75.

Insiders Place Their Bets

In other JFrog news, CRO Tali Notman sold 11,621 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $314,464.26. Following the sale, the executive now directly owns 547,413 shares in the company, valued at $14,812,995.78. This trade represents a 2.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction 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 $136,043,960.58. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,153 shares of company stock valued at $5,276,489 in the last three months. Company insiders own 15.70% of the company’s stock.

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.