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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the business’s 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 transaction, the director now 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 hyperlink.

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

• On Tuesday, December 10th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were 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 Trading Down 1.4 %

Shares of NASDAQ FROG opened at $32.78 on Friday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The firm has a 50-day moving average of $30.95 and a two-hundred day moving average of $30.92. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -61.85 and a beta of 0.95.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the third quarter valued at $29,000. West Tower Group LLC acquired a new position in shares of JFrog in the 3rd quarter worth $116,000. Sanctuary Advisors LLC acquired a new stake in shares of JFrog during the second quarter worth $188,000. Mackenzie Financial Corp raised its position in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of JFrog during the second quarter valued at $222,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FROG. Truist Financial restated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Scotiabank lifted their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Barclays cut their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Three investment 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’s stock. Based on data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

About JFrog

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.