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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $30.46, for a total transaction of $1,066,100.00. Following the completion of the transaction, the director now owns 4,479,432 shares in the company, valued at approximately $136,443,498.72. The trade was a 0.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Frederic Simon also recently made the following trade(s):

• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00.

JFrog Price Performance

Shares of FROG opened at $30.41 on Friday. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The company has a 50-day simple moving average of $30.51 and a two-hundred day simple moving average of $31.38. The firm has a market capitalization of $3.10 billion, a PE ratio of -57.38 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp grew its stake in JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the period. George Kaiser Family Foundation boosted its holdings 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 buying an additional 532 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after buying an additional 577 shares in the last quarter. US Bancorp DE grew its position in shares of JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen lifted their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Baird R W raised shares of JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus target price of $37.72.

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.