JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Barry Zwarenstein sold 1,250 shares of JFrog stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $88.38, for a total transaction of $110,475.00. Following the completion of the sale, the director directly owned 30,437 shares in the company, valued at approximately $2,690,022.06. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Barry Zwarenstein also recently made the following trade(s):
- On Thursday, July 23rd, Barry Zwarenstein sold 1,250 shares of JFrog stock. The shares were sold at an average price of $80.10, for a total transaction of $100,125.00.
JFrog Stock Down 2.3%
Shares of FROG stock opened at $92.62 on Thursday. The company has a 50 day moving average of $88.69 and a 200-day moving average of $71.24. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $105.76. The firm has a market cap of $11.42 billion, a P/E ratio of -250.32 and a beta of 1.28.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Partners Public Asset Management LLC increased its stake in JFrog by 77.8% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after purchasing an additional 694,700 shares during the period. American Capital Management Inc. purchased a new stake in shares of JFrog during the second quarter valued at approximately $1,225,000. Wellington Management Group LLP bought a new position in shares of JFrog in the second quarter worth approximately $69,951,000. Sei Investments Co. grew its holdings in shares of JFrog by 169.0% in the first quarter. Sei Investments Co. now owns 468,861 shares of the company’s stock worth $22,004,000 after purchasing an additional 294,547 shares during the last quarter. Finally, Stephens Investment Management Group LLC purchased a new position in shares of JFrog in the first quarter worth $41,956,000. 85.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on FROG shares. Cantor Fitzgerald boosted their price objective on JFrog from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Bank of America upped their price target on shares of JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. BTIG Research reaffirmed a “buy” rating and set a $115.00 target price on shares of JFrog in a report on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research report on Friday, July 17th. Finally, KeyCorp boosted their price objective on JFrog from $89.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average price target of $109.48.
Read Our Latest Research Report on JFrog
About JFrog
JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.
The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.
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