Insider Selling: JFrog Ltd. (NASDAQ:FROG) CFO Sells 347 Shares of Stock

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

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

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

JFrog Trading Up 2.3 %

NASDAQ FROG opened at $30.66 on Thursday. The stock has a 50 day moving average price of $29.61 and a 200-day moving average price of $31.82. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81.

Hedge Funds Weigh In On JFrog

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FROG shares. Stifel Nicolaus lowered their target price on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Piper Sandler cut 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. Oppenheimer cut JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Scotiabank upped their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target of $37.72.

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.