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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the transaction, the director now directly owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 19th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.59, for a total value of $1,490,650.00.
• On Tuesday, February 20th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.39, for a total value of $1,483,650.00.
• On Thursday, February 15th, Frederic Simon sold 150,000 shares of JFrog stock. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00.

JFrog Trading Up 1.7 %

NASDAQ FROG opened at $39.83 on Thursday. The stock has a market cap of $4.06 billion, a PE ratio of -66.38 and a beta of 0.99. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81. The stock has a fifty day simple moving average of $42.42 and a 200-day simple moving average of $34.17.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $97.26 million during the quarter, compared to analysts’ expectations of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. Research analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently modified their holdings of FROG. Vanguard Group Inc. lifted its stake in JFrog by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock worth $244,192,000 after acquiring an additional 23,030 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in JFrog by 48.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after acquiring an additional 1,302,699 shares in the last quarter. Praesidium Investment Management Company LLC lifted its stake in JFrog by 6.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock worth $67,260,000 after acquiring an additional 118,473 shares in the last quarter. William Blair Investment Management LLC lifted its stake in JFrog by 6.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock worth $43,965,000 after acquiring an additional 102,561 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in JFrog by 243.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock worth $40,963,000 after acquiring an additional 1,144,315 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on FROG shares. Bank Of America (Bofa) increased their price objective on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Truist Financial upped their target price on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. DA Davidson upped their target price on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Finally, KeyCorp initiated coverage on JFrog in a report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average price target of $43.46.

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.