Frederic Simon Sells 30,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG – Get Rating) Director Frederic Simon sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $18.51, for a total value of $555,300.00. Following the sale, the director now directly owns 5,367,134 shares in the company, valued at approximately $99,345,650.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, February 17th, Frederic Simon sold 45,000 shares of JFrog stock. The stock was sold at an average price of $23.11, for a total transaction of $1,039,950.00.
• On Wednesday, January 18th, Frederic Simon sold 45,000 shares of JFrog stock. The stock was sold at an average price of $23.02, for a total transaction of $1,035,900.00.

JFrog Price Performance

NASDAQ FROG opened at $18.34 on Friday. The company has a fifty day moving average of $22.97 and a 200 day moving average of $22.41. The company has a market capitalization of $1.79 billion, a PE ratio of -20.15 and a beta of 0.49. JFrog Ltd. has a 1 year low of $16.36 and a 1 year high of $28.03.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of the stock. Freemont Management S.A. acquired a new stake in JFrog during the fourth quarter worth about $43,000. US Bancorp DE boosted its position in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of JFrog by 98.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,224 shares of the company’s stock worth $46,000 after purchasing an additional 1,104 shares during the period. FNY Investment Advisers LLC increased its holdings in shares of JFrog by 363.6% during the 4th quarter. FNY Investment Advisers LLC now owns 2,550 shares of the company’s stock valued at $54,000 after purchasing an additional 2,000 shares in the last quarter. Finally, City Holding Co. acquired a new position in shares of JFrog in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 53.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FROG. Cantor Fitzgerald initiated coverage on shares of JFrog in a research note on Wednesday, January 25th. They issued an “overweight” rating and a $29.00 target price for the company. Bank of America raised JFrog from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $32.00 in a research report on Wednesday, January 4th. JPMorgan Chase & Co. boosted their target price on JFrog from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of JFrog in a research note on Wednesday, March 8th. Finally, Piper Sandler dropped their price target on JFrog from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, January 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $29.18.

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.