Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 35,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the transaction, the director now directly 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 is available at the SEC website.

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 transaction of $1,066,100.00.
• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00.

JFrog Trading Down 1.4 %

NASDAQ:FROG traded down $0.45 during midday trading on Thursday, hitting $32.78. 1,656,354 shares of the company traded hands, compared to its average volume of 901,705. The firm has a market capitalization of $3.34 billion, a P/E ratio of -61.85 and a beta of 0.95. The firm’s fifty day moving average is $30.95 and its 200-day moving average is $30.92. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Future Financial Wealth Managment LLC bought a new position in JFrog during the 3rd quarter valued at about $29,000. West Tower Group LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $116,000. Sanctuary Advisors LLC bought a new position in shares of JFrog during the second quarter valued at approximately $188,000. Mackenzie Financial Corp grew its stake in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of JFrog in the second quarter worth approximately $222,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FROG. TD Cowen upped their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. UBS Group lifted their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC raised their target price on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of JFrog in a report on Friday, November 8th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.72.

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.