JFrog Ltd. (NASDAQ:FROG) Director Sells $1,171,800.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the transaction, the director now directly owns 4,374,432 shares in the company, valued at $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 11th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00.
• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00.

JFrog Trading Down 3.0 %

Shares of JFrog stock traded down $0.99 during trading hours on Thursday, reaching $32.47. The stock had a trading volume of 566,285 shares, compared to its average volume of 1,132,517. The firm has a market capitalization of $3.31 billion, a PE ratio of -51.54 and a beta of 0.95. The stock’s 50 day moving average is $35.14 and its 200 day moving average is $31.60. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, sell-side analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On JFrog

A number of institutional investors and hedge funds have recently made changes to their positions in FROG. abrdn plc boosted its position in shares of JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after purchasing an additional 30,392 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after acquiring an additional 159,483 shares during the period. Peregrine Capital Management LLC raised its stake in shares of JFrog by 11.9% during the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after buying an additional 34,900 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after purchasing an additional 365,376 shares during the last quarter. Finally, North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter valued at $73,417,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on FROG shares. Stifel Nicolaus raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Truist Financial raised their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, KeyCorp reiterated an “overweight” rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

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.