JFrog Ltd. (NASDAQ:FROG) CFO Sells $10,586.97 in Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 347 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.51, for a total transaction of $10,586.97. Following the completion of the transaction, the chief financial officer now owns 98,094 shares of the company’s stock, valued at approximately $2,992,847.94. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eduard Grabscheid also recently made the following trade(s):

• On Tuesday, September 3rd, Eduard Grabscheid sold 841 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total transaction of $22,757.46.

JFrog Stock Performance

NASDAQ:FROG opened at $32.34 on Friday. The stock has a market capitalization of $3.29 billion, a P/E ratio of -60.04 and a beta of 0.93. The company has a 50 day moving average price of $29.69 and a 200 day moving average price of $31.82. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FROG. Piper Sandler decreased their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. DA Davidson restated a “buy” rating and set a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. Morgan Stanley dropped their price objective on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Scotiabank upped their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently added to or reduced their stakes in the business. Ashford Capital Management Inc. lifted its holdings in JFrog by 33.1% during the 3rd quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock worth $11,078,000 after buying an additional 94,840 shares in the last quarter. Geode Capital Management LLC lifted its holdings in JFrog by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after buying an additional 2,183 shares in the last quarter. Vestcor Inc lifted its holdings in JFrog by 180.0% during the 3rd quarter. Vestcor Inc now owns 70,000 shares of the company’s stock worth $2,033,000 after buying an additional 45,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in JFrog during the 3rd quarter worth approximately $2,200,000. Finally, Pier Capital LLC lifted its holdings in JFrog by 19.2% during the 3rd quarter. Pier Capital LLC now owns 295,588 shares of the company’s stock worth $8,584,000 after buying an additional 47,687 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.