Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 20,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 20,000 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the transaction, the director now directly owns 4,354,432 shares of the company’s stock, valued at $124,798,021.12. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 11th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00.
• On Tuesday, February 11th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $35.92, for a total transaction of $1,257,200.00.
• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $31.78, for a total transaction of $1,112,300.00.

JFrog Price Performance

Shares of FROG opened at $30.39 on Friday. The company’s fifty day moving average price is $34.69 and its 200-day moving average price is $32.26. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.00. The firm has a market capitalization of $3.48 billion, a PE ratio of -48.24 and a beta of 0.98.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a research note on Wednesday, February 12th. Stifel Nicolaus upped their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC lifted their target price on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.06.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently bought and sold shares of FROG. Norges Bank acquired a new position in JFrog during the fourth quarter valued at $32,878,000. Raymond James Financial Inc. purchased a new position in shares of JFrog during the 4th quarter valued at about $30,554,000. Mackenzie Financial Corp raised its stake in shares of JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock valued at $58,703,000 after buying an additional 965,912 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after buying an additional 797,949 shares during the period. Finally, Bamco Inc. NY purchased a new stake in shares of JFrog in the fourth quarter worth about $21,322,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.