JFrog Ltd. (NASDAQ:FROG) Director Sells $1,363,950.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on 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 owns 4,654,432 shares of the company’s stock, valued at approximately $181,383,215.04. The sale was disclosed in a legal filing 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 stock was 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 transaction of $7,090,500.00.

JFrog Stock Performance

FROG stock opened at $41.99 on Friday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -69.98 and a beta of 0.99. The business’s 50-day moving average is $42.22 and its two-hundred day moving average is $34.34. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate 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 analysts predict that JFrog Ltd. will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC increased its stake in shares of JFrog by 46.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 39,136 shares of the company’s stock worth $992,000 after purchasing an additional 12,488 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 valued at $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JFrog by 53.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock valued at $9,739,000 after purchasing an additional 134,047 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of JFrog by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,050 shares of the company’s stock worth $306,000 after buying an additional 2,643 shares during the period. Finally, Washington Capital Management Inc. purchased a new position in shares of JFrog during the 3rd quarter valued at about $424,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. KeyCorp started coverage on JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective on the stock. DA Davidson increased their target price on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) boosted their price target on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, Morgan Stanley increased their price objective on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target 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.