JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Barry Zwarenstein sold 1,250 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $80.10, for a total transaction of $100,125.00. Following the completion of the sale, the director owned 31,687 shares in the company, valued at $2,538,128.70. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Barry Zwarenstein also recently made the following trade(s):
- On Monday, June 8th, Barry Zwarenstein sold 1,250 shares of JFrog stock. The stock was sold at an average price of $84.35, for a total value of $105,437.50.
JFrog Price Performance
Shares of FROG traded down $3.30 on Tuesday, reaching $77.93. 2,011,386 shares of the stock traded hands, compared to its average volume of 3,043,201. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of -146.75 and a beta of 1.20. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $99.22. The stock’s 50-day moving average price is $83.69 and its 200-day moving average price is $61.70.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FROG. Blue Trust Inc. acquired a new stake in shares of JFrog in the 4th quarter valued at $30,000. Millstone Evans Group LLC raised its holdings in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares during the last quarter. Farther Finance Advisors LLC lifted its position in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares during the period. Western Wealth Management LLC bought a new position in shares of JFrog in the 1st quarter valued at about $30,000. Finally, Employees Retirement System of Texas bought a new stake in shares of JFrog during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
Analysts Set New Price Targets
FROG has been the subject of several recent research reports. DA Davidson set a $90.00 price target on shares of JFrog in a research report on Friday, May 8th. Barclays increased their target price on JFrog from $75.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of JFrog in a research note on Wednesday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of JFrog in a research report on Monday, June 15th. Finally, Citigroup reiterated a “buy” rating on shares of JFrog in a research note on Monday, June 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $88.86.
Check Out Our Latest Stock Report on FROG
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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