JFrog Ltd. (NASDAQ:FROG) Director Sells $1,112,300.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00. Following the sale, the director now directly owns 4,444,432 shares in the company, valued at $141,244,048.96. This represents a 0.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $1,066,100.00.
• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00.

JFrog Stock Down 0.1 %

Shares of NASDAQ:FROG opened at $32.75 on Friday. The firm has a market cap of $3.34 billion, a P/E ratio of -61.79 and a beta of 0.95. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The business has a fifty day simple moving average of $30.98 and a 200 day simple moving average of $30.90.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in JFrog during the 3rd quarter worth $29,000. West Tower Group LLC acquired a new stake in JFrog during the 3rd quarter worth about $116,000. Sanctuary Advisors LLC acquired a new stake in JFrog during the 2nd quarter worth about $188,000. SG Americas Securities LLC acquired a new stake in JFrog during the 4th quarter worth about $193,000. Finally, US Bancorp DE grew its holdings in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares during the period. 85.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FROG has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Truist Financial restated a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Barclays cut 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 upped their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Needham & Company LLC upped their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.72.

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.