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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the transaction, the director now directly owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

JFrog Price Performance

Shares of JFrog stock traded down $0.23 on Tuesday, hitting $29.93. 668,530 shares of the company’s stock traded hands, compared to its average volume of 1,268,001. The firm’s 50-day moving average price is $29.51 and its two-hundred day moving average price is $31.89. The stock has a market capitalization of $3.05 billion, a PE ratio of -56.91 and a beta of 0.93. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently made changes to their positions in FROG. Assenagon Asset Management S.A. acquired a new position in shares of JFrog in the 2nd quarter valued at $6,576,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JFrog by 30.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after buying an additional 210,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock worth $1,268,000 after buying an additional 22,864 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in shares of JFrog during the 1st quarter worth about $5,337,000. Finally, Quadrature Capital Ltd boosted its stake in shares of JFrog by 86.8% during the 1st quarter. Quadrature Capital Ltd now owns 119,025 shares of the company’s stock worth $5,263,000 after buying an additional 55,296 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FROG shares. Barclays reduced their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Needham & Company LLC raised their target price on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Canaccord Genuity Group decreased their price target on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen increased their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus 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.