Eduard Grabscheid Sells 834 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the transaction, the chief financial officer now owns 97,260 shares of the company’s stock, valued at $2,976,156. The trade was a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The stock was sold at an average price of $30.51, for a total transaction of $10,586.97.

JFrog Stock Performance

NASDAQ FROG traded up $1.28 on Wednesday, reaching $32.05. The company had a trading volume of 1,321,499 shares, compared to its average volume of 1,249,159. The company’s fifty day moving average is $30.24 and its 200-day moving average is $31.47. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -60.47 and a beta of 0.94.

Analyst Ratings Changes

FROG has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus reduced their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird upped their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FROG. Mackenzie Financial Corp raised its stake in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares during the last quarter. George Kaiser Family Foundation boosted its stake in shares of JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after purchasing an additional 532 shares in the last quarter. Van ECK Associates Corp boosted its stake in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after acquiring an additional 577 shares in the last quarter. US Bancorp DE raised its holdings in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after purchasing an additional 798 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in JFrog during the third quarter valued at approximately $29,000. 85.02% of the stock is 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.