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 firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction 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 transaction of $7,090,500.00.

JFrog Trading Up 3.8 %

Shares of FROG opened at $41.99 on Friday. The firm has a market cap of $4.28 billion, a P/E ratio of -69.98 and a beta of 0.99. JFrog Ltd. has a 12 month low of $17.11 and a 12 month high of $48.81. The stock’s 50 day moving average is $42.22 and its two-hundred day moving average is $34.34.

JFrog (NASDAQ:FROG) last released 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). The firm had revenue of $97.26 million for the quarter, compared to analysts’ expectations of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. Equities research analysts forecast that JFrog Ltd. will post -0.21 EPS for the current year.

Institutional Trading of JFrog

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock valued at $100,710,000 after buying an additional 1,302,699 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of JFrog by 243.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after acquiring an additional 1,144,315 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of JFrog by 10.7% in the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock valued at $178,344,000 after acquiring an additional 679,007 shares in the last quarter. Cercano Management LLC boosted its stake in shares of JFrog by 154.0% in the third quarter. Cercano Management LLC now owns 1,116,965 shares of the company’s stock worth $28,326,000 after acquiring an additional 677,259 shares during the last quarter. Finally, Syon Capital LLC purchased a new stake in shares of JFrog during the fourth quarter worth approximately $22,086,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the subject of a number of research reports. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Truist Financial boosted their price objective on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Needham & Company LLC raised their target price on JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Oppenheimer lifted their price target on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Finally, DA Davidson upped their price objective on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.46.

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.