Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 35,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00. Following the completion of the sale, the director now directly owns 4,444,432 shares in the company, valued at approximately $141,244,048.96. The trade was a 0.78 % 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.

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

• 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 transaction 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 transaction of $1,080,100.00.

JFrog Trading Down 1.4 %

FROG stock traded down $0.45 during trading on Thursday, reaching $32.78. The stock had a trading volume of 1,656,354 shares, compared to its average volume of 901,705. The stock’s 50 day moving average is $30.95 and its two-hundred day moving average is $30.92. The firm has a market cap of $3.34 billion, a PE ratio of -61.85 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

Wall Street Analyst Weigh In

FROG has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank upped their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Truist Financial reissued a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Three research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently made changes to their positions in FROG. Future Financial Wealth Managment LLC bought a new stake in JFrog during the third quarter valued at approximately $29,000. West Tower Group LLC bought a new stake in shares of JFrog during the 3rd quarter valued at $116,000. Sanctuary Advisors LLC purchased a new stake in shares of JFrog in the 2nd quarter worth $188,000. US Bancorp DE raised its holdings in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in JFrog during the fourth quarter valued at $204,000. Institutional investors own 85.02% of the company’s stock.

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.