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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the completion of the sale, the director now owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 11th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $35.92, for a total transaction of $1,257,200.00.
• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $31.78, for a total transaction of $1,112,300.00.

JFrog Stock Performance

Shares of FROG opened at $33.58 on Friday. The firm’s 50 day moving average price is $35.23 and its 200 day moving average price is $31.69. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The firm has a market cap of $3.42 billion, a PE ratio of -53.30 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp raised its position in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the period. West Tower Group LLC acquired a new position in JFrog during the 3rd quarter worth $116,000. KBC Group NV boosted its holdings in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after acquiring an additional 1,105 shares during the period. BankPlus Trust Department acquired a new stake in shares of JFrog in the fourth quarter valued at about $131,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after purchasing an additional 5,297 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FROG shares. Barclays raised their price objective on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial lifted 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. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $41.06.

JFrog Company 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.