Nuveen Asset Management LLC Has $13.83 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

Nuveen Asset Management LLC trimmed its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,132 shares of the company’s stock after selling 3,565 shares during the period. Nuveen Asset Management LLC owned approximately 0.46% of JFrog worth $13,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in JFrog by 39.6% in the fourth quarter. Lazard Asset Management LLC now owns 44,337 shares of the company’s stock valued at $1,303,000 after purchasing an additional 12,583 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in JFrog by 42.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,117,124 shares of the company’s stock valued at $32,855,000 after purchasing an additional 334,133 shares in the last quarter. Deutsche Bank AG grew its stake in JFrog by 10.6% in the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company’s stock valued at $4,671,000 after purchasing an additional 15,239 shares in the last quarter. Daventry Group LP grew its stake in JFrog by 103.0% in the fourth quarter. Daventry Group LP now owns 1,403,708 shares of the company’s stock valued at $41,283,000 after purchasing an additional 712,373 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in JFrog in the fourth quarter valued at about $452,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total value of $533,961.00. Following the completion of the transaction, the chief executive officer now owns 4,929,755 shares of the company’s stock, valued at $148,089,840.20. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares of the company’s stock, valued at approximately $196,003,635.45. This trade represents a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,548 shares of company stock valued at $7,167,041 in the last quarter. Corporate insiders own 14.10% of the company’s stock.

JFrog Stock Down 0.7%

Shares of NASDAQ:FROG opened at $42.49 on Tuesday. The business has a 50 day moving average price of $34.67 and a 200 day moving average price of $33.76. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.79. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -67.44 and a beta of 0.97.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays lowered their target price on JFrog from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Raymond James assumed coverage on JFrog in a research note on Friday, April 11th. They issued an “outperform” rating and a $40.00 target price on the stock. DA Davidson boosted their target price on JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Scotiabank decreased their price target on JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $41.44.

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.