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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the sale, the director now owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 11th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $35.92, for a total transaction of $1,257,200.00.
• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00.

JFrog Trading Up 3.4 %

Shares of FROG stock opened at $33.58 on Friday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -53.30 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The stock has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $31.66.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. Research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FROG. US Bancorp DE raised its position in shares of JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock valued at $212,000 after purchasing an additional 512 shares during the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock worth $409,000 after buying an additional 564 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after buying an additional 574 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of JFrog by 2.6% during the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock worth $800,000 after buying an additional 682 shares during the period. Finally, Blair William & Co. IL grew its holdings in shares of JFrog by 0.3% during the fourth quarter. Blair William & Co. IL now owns 282,084 shares of the company’s stock valued at $8,296,000 after buying an additional 968 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FROG shares. Stifel Nicolaus increased their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC lifted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a research note on Wednesday, February 12th. KeyCorp reiterated an “overweight” rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Morgan Stanley raised their price objective on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Three 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, the company has a consensus rating of “Moderate Buy” and an average target price of $41.06.

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.