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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the completion of the sale, the director now directly owns 4,444,432 shares of the company’s stock, valued at $141,244,048.96. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 10th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $30.46, for a total transaction of $1,066,100.00.
• 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 value of $1,080,100.00.

JFrog Trading Down 0.1 %

Shares of NASDAQ FROG opened at $32.75 on Friday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -61.79 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The business has a 50 day simple moving average of $30.95 and a 200-day simple moving average of $30.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays lowered their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Truist Financial restated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Finally, Scotiabank boosted their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog during the third quarter worth $29,000. West Tower Group LLC bought a new stake in shares of JFrog during the 3rd quarter valued at about $116,000. Sanctuary Advisors LLC acquired a new stake in JFrog during the second quarter worth about $188,000. SG Americas Securities LLC bought a new position in JFrog in the fourth quarter worth about $193,000. Finally, US Bancorp DE boosted its stake in JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after acquiring an additional 798 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.