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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the sale, the director now owns 4,409,432 shares of the company’s stock, valued at approximately $158,386,797.44. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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.
• On Tuesday, December 10th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $30.46, for a total transaction of $1,066,100.00.
• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00.

JFrog Trading Up 5.5 %

Shares of JFrog stock opened at $39.80 on Friday. The firm has a market capitalization of $4.05 billion, a PE ratio of -75.09 and a beta of 0.97. The firm’s 50 day moving average is $32.79 and its 200 day moving average is $30.66. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

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 5.36% and a negative net margin of 13.98%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on FROG. Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of JFrog in a report on Wednesday. Finally, Barclays raised their target price on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Institutional Investors Weigh In On JFrog

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after buying an additional 574 shares during the period. KBC Group NV lifted its position in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. West Tower Group LLC acquired a new position in shares of JFrog in the 3rd quarter worth approximately $116,000. BankPlus Trust Department acquired a new position in shares of JFrog in the 4th quarter worth approximately $131,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of JFrog in the 2nd quarter worth approximately $188,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.