JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon Sells 35,000 Shares

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the sale, the director now owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

JFrog Stock Performance

Shares of JFrog stock opened at $31.82 on Friday. The stock has a market capitalization of $3.24 billion, a P/E ratio of -60.04 and a beta of 0.93. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock’s 50-day simple moving average is $29.69 and its 200 day simple moving average is $31.82.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently modified their holdings of FROG. North Peak Capital Management LLC bought a new position in JFrog in the 3rd quarter worth approximately $73,417,000. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of JFrog in the third quarter valued at $32,401,000. 1832 Asset Management L.P. raised its stake in shares of JFrog by 285.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after purchasing an additional 1,052,800 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after purchasing an additional 856,451 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

FROG has been the topic of several research reports. Scotiabank upped their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of JFrog in a research note on Monday, October 14th. Morgan Stanley lowered their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial restated a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus target price 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.