Insider Selling: JFrog Ltd. (NASDAQ:FROG) CFO Sells 347 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 347 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.51, for a total value of $10,586.97. Following the completion of the transaction, the chief financial officer now directly owns 98,094 shares in the company, valued at approximately $2,992,847.94. This represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Eduard Grabscheid also recently made the following trade(s):

• On Tuesday, September 3rd, Eduard Grabscheid sold 841 shares of JFrog stock. The shares were sold at an average price of $27.06, for a total transaction of $22,757.46.

JFrog Stock Performance

JFrog stock opened at $32.15 on Friday. The company’s 50-day moving average price is $29.77 and its 200-day moving average price is $31.75. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FROG. Bank of America reduced their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Oppenheimer cut JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Barclays cut their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Robert W. Baird raised their price objective on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average target price of $37.72.

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in JFrog by 7.4% during the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after acquiring an additional 523,432 shares during the last quarter. Bank of New York Mellon Corp raised its position in JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares during the period. TimesSquare Capital Management LLC lifted its stake in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. North Peak Capital Management LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $73,417,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares during the period. Hedge funds and other institutional investors 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.