JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 6,063 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $40.32, for a total value of $244,460.16. Following the completion of the transaction, the chief financial officer directly owned 233,839 shares in the company, valued at approximately $9,428,388.48. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Eduard Grabscheid also recently made the following trade(s):
- On Monday, March 2nd, Eduard Grabscheid sold 15,639 shares of JFrog stock. The stock was sold at an average price of $40.15, for a total transaction of $627,905.85.
JFrog Trading Down 7.2%
Shares of JFrog stock traded down $3.05 during trading on Wednesday, reaching $39.19. 4,367,517 shares of the stock traded hands, compared to its average volume of 4,895,149. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43. The business has a fifty day simple moving average of $54.06 and a two-hundred day simple moving average of $53.75.
Institutional Investors Weigh In On JFrog
A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its holdings in JFrog by 12,566.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock worth $47,000 after purchasing an additional 754 shares in the last quarter. Virtu Financial LLC raised its stake in shares of JFrog by 59.7% during the 4th quarter. Virtu Financial LLC now owns 10,163 shares of the company’s stock worth $635,000 after acquiring an additional 3,798 shares in the last quarter. Invesco Ltd. lifted its position in JFrog by 6,868.3% during the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after acquiring an additional 2,073,876 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in JFrog during the fourth quarter valued at approximately $246,000. Finally, Empowered Funds LLC purchased a new position in JFrog in the fourth quarter worth $503,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on FROG shares. BTIG Research dropped their price objective on shares of JFrog from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Evercore set a $80.00 price target on shares of JFrog in a report on Thursday, February 26th. Raymond James Financial reissued an “outperform” rating and issued a $70.00 price objective on shares of JFrog in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research note on Thursday, January 22nd. Finally, UBS Group set a $60.00 price objective on JFrog in a research report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.42.
Get Our Latest Analysis on FROG
JFrog Company Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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