JFrog Ltd. (NASDAQ:FROG) Director Sells $1,363,950.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred 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 sale, the director now directly owns 4,654,432 shares in the company, valued at $181,383,215.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $47.27, for a total value of $7,090,500.00.

JFrog Price Performance

Shares of JFrog stock traded up $0.66 on Wednesday, hitting $39.83. 1,023,240 shares of the company’s stock traded hands, compared to its average volume of 1,221,911. The firm’s 50-day moving average price is $42.36 and its two-hundred day moving average price is $34.13. The stock has a market capitalization of $4.06 billion, a PE ratio of -65.28 and a beta of 0.99. JFrog Ltd. has a one year low of $17.11 and a one year high of $48.81.

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

Institutional Trading of JFrog

Institutional investors and hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI bought a new stake in shares of JFrog during the 1st quarter valued at $26,000. Fred Alger Management LLC bought a new stake in shares of JFrog during the 3rd quarter valued at $35,000. Frazier Financial Advisors LLC acquired a new position in shares of JFrog in the 4th quarter valued at $35,000. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the 1st quarter valued at $44,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of JFrog in the 3rd quarter valued at $170,000. Institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

FROG has been the topic of several recent analyst reports. DA Davidson boosted their target price on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Cantor Fitzgerald boosted their target price on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Truist Financial boosted their target price on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Needham & Company LLC boosted their target price on JFrog from $40.00 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 on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.