JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 347 Shares

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 347 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.51, for a total value of $10,586.97. Following the completion of the transaction, the chief financial officer now owns 98,094 shares of the company’s stock, valued at approximately $2,992,847.94. This represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eduard Grabscheid also recently made the following trade(s):

• On Tuesday, September 3rd, Eduard Grabscheid sold 841 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total transaction of $22,757.46.

JFrog Price Performance

Shares of NASDAQ FROG opened at $30.66 on Thursday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The firm has a 50-day moving average of $29.61 and a 200 day moving average of $31.82.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FROG shares. Needham & Company LLC boosted their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial reissued a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Piper Sandler reduced their target price on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen boosted their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of JFrog in the second quarter worth $6,576,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after buying an additional 210,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of JFrog by 394.2% during the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after buying an additional 22,864 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of JFrog by 86.8% during the first quarter. Quadrature Capital Ltd now owns 119,025 shares of the company’s stock valued at $5,263,000 after acquiring an additional 55,296 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in JFrog in the 1st quarter worth approximately $3,251,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.