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 company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the sale, the director now owns 4,409,432 shares of the company’s stock, valued at approximately $158,386,797.44. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Frederic Simon also recently made the following trade(s):

• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $31.78, for a total value of $1,112,300.00.
• 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 value of $1,066,100.00.
• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00.

JFrog Trading Up 5.5 %

Shares of FROG stock opened at $39.80 on Friday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock’s 50-day moving average price is $32.62 and its 200-day moving average price is $30.70. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of -75.09 and a beta of 0.97.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. As a group, research analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On JFrog

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares during the last quarter. West Tower Group LLC bought a new stake in JFrog during the third quarter worth approximately $116,000. KBC Group NV increased its stake in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in JFrog during the fourth quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC increased its stake in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after acquiring an additional 5,297 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FROG. Truist Financial lifted their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upped their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a report on Wednesday. Morgan Stanley boosted their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average target price of $42.17.

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.