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 Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the transaction, the director now directly owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was 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 stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00.

JFrog Stock Performance

NASDAQ:FROG opened at $40.47 on Friday. The company has a 50-day moving average of $42.27 and a 200-day moving average of $34.21. JFrog Ltd. has a 52 week low of $17.11 and a 52 week high of $48.81. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of -67.45 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of research analyst reports. TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Cantor Fitzgerald increased their target price on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Truist Financial lifted their price target on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Needham & Company LLC increased their price objective on JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Finally, Oppenheimer boosted their target price on shares of JFrog from $41.00 to $48.00 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.46.

Institutional Trading of JFrog

Institutional investors have recently bought and sold shares of the stock. Summit Trail Advisors LLC lifted its holdings in shares of JFrog by 478.2% during the first quarter. Summit Trail Advisors LLC now owns 64,547 shares of the company’s stock valued at $2,854,000 after acquiring an additional 53,384 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of JFrog during the 1st quarter worth about $26,000. Raymond James & Associates lifted its holdings in JFrog by 757.8% during the 1st quarter. Raymond James & Associates now owns 132,121 shares of the company’s stock valued at $5,842,000 after purchasing an additional 116,718 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in JFrog by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company’s stock valued at $21,686,000 after buying an additional 3,344 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in JFrog by 32.2% during the first quarter. Harbour Capital Advisors LLC now owns 14,563 shares of the company’s stock worth $632,000 after buying an additional 3,550 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.