diff --git a/.github/ISSUE_TEMPLATE/bug_report.yml b/.github/ISSUE_TEMPLATE/bug_report.yml
index 657d83fa3..640b063a1 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.yml
+++ b/.github/ISSUE_TEMPLATE/bug_report.yml
@@ -26,7 +26,7 @@ body:
     attributes:
       label: freud Version
       description: What version of freud are you using?
-      placeholder: v2.12.0
+      placeholder: v2.12.1
     validations:
       required: true
   - type: input
diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 3365b5291..8f3203424 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -5,7 +5,7 @@ exclude: (?:^extern/)
 
 repos:
   - repo: https://github.com/pre-commit/pre-commit-hooks
-    rev: 'v4.3.0'
+    rev: 'v4.4.0'
     hooks:
       - id: end-of-file-fixer
         exclude: |
@@ -29,7 +29,7 @@ repos:
       - id: debug-statements
       - id: requirements-txt-fixer
   - repo: https://github.com/asottile/pyupgrade
-    rev: 'v3.2.0'
+    rev: 'v3.3.0'
     hooks:
       - id: pyupgrade
         args:
@@ -43,7 +43,7 @@ repos:
     hooks:
       - id: black
   - repo: https://github.com/PyCQA/flake8
-    rev: '5.0.4'
+    rev: '6.0.0'
     hooks:
       - id: flake8
         types: ["file"]
@@ -56,7 +56,7 @@ repos:
     hooks:
       - id: cmake-format
   - repo: https://github.com/pre-commit/mirrors-clang-format
-    rev: 'v14.0.6'
+    rev: 'v15.0.4'
     hooks:
       - id: clang-format
         types_or: [c, c++]
diff --git a/ChangeLog.md b/ChangeLog.md
index fe87431c3..cd8fee62e 100644
--- a/ChangeLog.md
+++ b/ChangeLog.md
@@ -4,7 +4,7 @@ The format is based on
 and this project adheres to
 [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## vX.Y.Z -- YYYY-MM-DD
+## v2.12.1 -- 2022-12-05
 
 ### Added
 * Support for Python 3.11.
diff --git a/contributors.txt b/contributors.txt
index bc32bb2dc..df37c6a5d 100644
--- a/contributors.txt
+++ b/contributors.txt
@@ -1,12 +1,12 @@
   2357	Bradley Dice <bdice@bradleydice.com>
   2146	Vyas Ramasubramani <vramasub@umich.edu>
   1030	Eric Harper <harperic@umich.edu>
-   462	Tommy Waltmann <tomwalt@umich.edu>
+   491	Tommy Waltmann <tomwalt@umich.edu>
    456	Jin Soo Ihm <jinihm@umich.edu>
    316	Joshua A. Anderson <joaander@umich.edu>
    240	Matthew Spellings <mspells@umich.edu>
+   169	dependabot <dependabot[bot]@users.noreply.github.com>
    167	Kelly Wang <kelwang@umich.edu>
-   163	dependabot <dependabot[bot]@users.noreply.github.com>
    137	DomFijan <domagoj.fijan@gmail.com>
    110	Erin Teich <erteich@umich.edu>
     97	Brandon Butler <butlerbr@umich.edu>
diff --git a/doc/source/conf.py b/doc/source/conf.py
index 15b070ff8..41ec85904 100644
--- a/doc/source/conf.py
+++ b/doc/source/conf.py
@@ -70,8 +70,8 @@
 # built documents.
 #
 # version and release are set the same for this package.
-version = "2.12.0"
-release = "2.12.0"
+version = "2.12.1"
+release = "2.12.1"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/freud/__init__.py b/freud/__init__.py
index ee6264e39..dfefdbed8 100644
--- a/freud/__init__.py
+++ b/freud/__init__.py
@@ -23,7 +23,7 @@
 # automatic selection runs, the user cannot change it.
 set_num_threads(0)
 
-__version__ = "2.12.0"
+__version__ = "2.12.1"
 
 __all__ = [
     "__version__",
diff --git a/setup.cfg b/setup.cfg
index b94e92fce..f6c3c7f7c 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 2.12.0
+current_version = 2.12.1
 commit = True
 tag = False
 message = Bump up to version {new_version}.
diff --git a/setup.py b/setup.py
index d6cbca4d7..0e33092a0 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 
 from skbuild import setup
 
-version = "2.12.0"
+version = "2.12.1"
 
 # Read README for PyPI, fallback to short description if it fails.
 description = "Powerful, efficient trajectory analysis in scientific Python."