JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon Sells 35,000 Shares

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the transaction, the director now directly owns 4,654,432 shares in the company, valued at $181,383,215.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Frederic Simon also recently made the following trade(s):

• On Tuesday, March 19th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.59, for a total transaction of $1,490,650.00.
• On Tuesday, February 20th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.39, for a total value of $1,483,650.00.
• On Thursday, February 15th, Frederic Simon sold 150,000 shares of JFrog stock. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00.

JFrog Trading Up 1.6 %

Shares of NASDAQ FROG opened at $40.47 on Friday. The stock’s 50-day moving average is $42.27 and its 200 day moving average is $34.21. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of -67.45 and a beta of 0.99. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The firm had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. On average, analysts forecast that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Institutional Trading of JFrog

Several institutional investors have recently added to or reduced their stakes in FROG. Arcadia Investment Management Corp MI purchased a new position in shares of JFrog in the first quarter worth about $26,000. Frazier Financial Advisors LLC bought a new position in JFrog during the 4th quarter worth approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in JFrog in the 1st quarter worth approximately $44,000. Fred Alger Management LLC bought a new stake in JFrog in the third quarter valued at approximately $35,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of JFrog during the first quarter valued at approximately $229,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FROG has been the subject of several research reports. Cantor Fitzgerald increased their price target on shares of JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. KeyCorp began coverage on shares of JFrog in a research report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 target price for the company. DA Davidson boosted their price objective on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. TheStreet raised JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Finally, Truist Financial boosted their price objective on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.46.

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.