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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the transaction, the director now directly owns 4,374,432 shares of the company’s stock, valued at $146,455,983.36. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were 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 stock was sold at an average price of $31.78, for a total value of $1,112,300.00.

JFrog Stock Down 3.0 %

FROG opened at $32.47 on Friday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The company has a fifty day moving average of $35.17 and a 200-day moving average of $31.61. The stock has a market cap of $3.31 billion, a PE ratio of -51.54 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $114.16 million. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial lifted 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Canaccord Genuity Group raised their price objective on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.06.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently added to or reduced their stakes in FROG. Probity Advisors Inc. acquired a new stake in shares of JFrog during the 4th quarter worth approximately $222,000. Mackenzie Financial Corp grew its holdings in JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Public Employees Retirement System of Ohio grew its holdings in JFrog by 9.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company’s stock worth $2,448,000 after purchasing an additional 7,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock valued at $5,457,000 after purchasing an additional 30,035 shares in the last quarter. Finally, Woodline Partners LP boosted its position in shares of JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock worth $12,895,000 after purchasing an additional 407,415 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.