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 company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the sale, the director now owns 4,374,432 shares of the company’s stock, valued at approximately $146,455,983.36. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

JFrog Stock Up 3.4 %

Shares of FROG stock opened at $33.58 on Friday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -53.30 and a beta of 0.95. The business’s fifty day moving average is $35.23 and its 200 day moving average is $31.66. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (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 during the quarter, compared to the consensus estimate of $114.16 million. Equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JFrog

Large investors have recently made changes to their positions in the business. US Bancorp DE grew its stake in shares of JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after buying an additional 512 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock worth $409,000 after acquiring an additional 564 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after acquiring an additional 574 shares in the last quarter. Arizona State Retirement System raised its position in shares of JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock worth $800,000 after purchasing an additional 682 shares during the last quarter. Finally, Blair William & Co. IL grew its position in JFrog by 0.3% during the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company’s stock valued at $8,296,000 after purchasing an additional 968 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial boosted their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price target on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. 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 report on Friday, February 14th. Canaccord Genuity Group boosted their price objective 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. Finally, KeyCorp reiterated an “overweight” rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.06.

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.