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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the sale, the director now owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 19th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.59, for a total value of $1,490,650.00.
• On Tuesday, February 20th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.39, for a total value of $1,483,650.00.
• On Thursday, February 15th, Frederic Simon sold 150,000 shares of JFrog stock. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00.

JFrog Price Performance

NASDAQ:FROG traded up $0.66 during trading hours on Wednesday, reaching $39.83. The company had a trading volume of 1,023,240 shares, compared to its average volume of 1,221,911. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81. The firm has a market cap of $4.06 billion, a PE ratio of -65.28 and a beta of 0.99. The business’s 50 day moving average price is $42.36 and its 200-day moving average price is $34.13.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. On average, analysts expect that JFrog Ltd. will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FROG. Vanguard Group Inc. raised its stake in shares of JFrog by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock worth $244,192,000 after buying an additional 23,030 shares during the period. Bank of New York Mellon Corp increased its position in shares of JFrog by 48.8% during the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Praesidium Investment Management Company LLC increased its position in shares of JFrog by 6.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock worth $67,260,000 after purchasing an additional 118,473 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of JFrog by 6.3% during the third quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock worth $43,965,000 after purchasing an additional 102,561 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of JFrog by 243.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock worth $40,963,000 after purchasing an additional 1,144,315 shares in the last quarter. 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 lifted their target price on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) lifted their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Cantor Fitzgerald boosted their price target on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Finally, KeyCorp initiated coverage on JFrog in a research note on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.46.

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.