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

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

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 value of $1,112,300.00.
• On Tuesday, December 10th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were 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 Stock Up 2.1 %

FROG opened at $37.71 on Friday. The stock has a market cap of $3.84 billion, a PE ratio of -71.15 and a beta of 0.97. The business has a 50 day moving average of $32.48 and a 200-day moving average of $30.65. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

JFrog (NASDAQ:FROG) last released its 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 net margin of 13.98% and a negative return on equity of 5.36%. Equities analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FROG. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Needham & Company LLC raised their price target on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a research report on Wednesday. UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barclays lowered their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Three 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.06.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares during the last quarter. abrdn plc lifted its position in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after acquiring an additional 30,392 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after purchasing an additional 159,483 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after purchasing an additional 514,895 shares in the last quarter. Finally, North Peak Capital Management LLC purchased a new position in shares of JFrog in the third quarter worth $73,417,000. 85.02% of the stock is currently owned by institutional investors.

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.