Frederic Simon Sells 45,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROGGet Rating) Director Frederic Simon sold 45,000 shares of the stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $23.02, for a total transaction of $1,035,900.00. Following the completion of the sale, the director now owns 5,477,134 shares of the company’s stock, valued at approximately $126,083,624.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, December 14th, Frederic Simon sold 45,000 shares of JFrog stock. The shares were sold at an average price of $23.35, for a total transaction of $1,050,750.00.

JFrog Trading Up 1.2 %

Shares of FROG opened at $23.34 on Friday. JFrog Ltd. has a twelve month low of $16.36 and a twelve month high of $28.18. The firm’s fifty day simple moving average is $22.15 and its 200-day simple moving average is $22.44. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -25.65 and a beta of 0.32.

JFrog (NASDAQ:FROGGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). JFrog had a negative net margin of 34.15% and a negative return on equity of 10.12%. The firm had revenue of $71.99 million during the quarter, compared to analyst estimates of $71.08 million. On average, analysts predict that JFrog Ltd. will post -0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in JFrog by 4.6% in the second quarter. Van ECK Associates Corp now owns 19,445 shares of the company’s stock valued at $410,000 after purchasing an additional 855 shares during the period. Laurion Capital Management LP boosted its holdings in JFrog by 6.3% during the second quarter. Laurion Capital Management LP now owns 15,951 shares of the company’s stock worth $336,000 after buying an additional 950 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in JFrog by 98.6% during the second quarter. Lazard Asset Management LLC now owns 2,224 shares of the company’s stock worth $46,000 after buying an additional 1,104 shares in the last quarter. Brinker Capital Investments LLC boosted its holdings in JFrog by 3.6% during the third quarter. Brinker Capital Investments LLC now owns 33,146 shares of the company’s stock worth $733,000 after buying an additional 1,156 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in JFrog by 2.9% during the third quarter. California State Teachers Retirement System now owns 42,507 shares of the company’s stock worth $940,000 after buying an additional 1,200 shares in the last quarter. 53.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of JFrog from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. Truist Financial assumed coverage on shares of JFrog in a report on Friday, September 30th. They set a “buy” rating and a $30.00 price target for the company. Needham & Company LLC lowered their price objective on shares of JFrog from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Morgan Stanley lowered their price objective on shares of JFrog from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, October 20th. Finally, Bank of America raised shares of JFrog from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

JFrog Company Profile

(Get Rating)

JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

Further Reading

Insider Buying and Selling by Quarter for JFrog (NASDAQ:FROG)

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