Insider Selling: JFrog (NASDAQ:FROG) Director Sells $11,668,800.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 120,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total value of $11,668,800.00. Following the transaction, the director owned 2,744,328 shares in the company, valued at approximately $266,858,454.72. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Frederic Simon sold 120,000 shares of JFrog stock. The stock was sold at an average price of $93.21, for a total transaction of $11,185,200.00.
• On Thursday, August 13th, Frederic Simon sold 120,000 shares of JFrog stock. The shares were sold at an average price of $90.86, for a total transaction of $10,903,200.00.

JFrog Price Performance

Shares of FROG stock opened at $98.15 on Thursday. The firm has a 50-day moving average of $91.16 and a 200-day moving average of $76.74. JFrog Ltd. has a one year low of $34.05 and a one year high of $105.76. The company has a market cap of $12.10 billion, a P/E ratio of -265.26 and a beta of 1.24.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $155.63 million. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, research analysts expect that JFrog Ltd. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FROG. Oppenheimer upped their target price on JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 7th. BTIG Research reissued a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research report on Friday, September 4th. Benchmark raised their target price on JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group lifted their target price on JFrog from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Canaccord Genuity Group set a $105.00 target price on JFrog in a research note on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and an average target price of $109.48.

Hedge Funds Weigh In On JFrog

Institutional investors and hedge funds have recently bought and sold shares of the company. Congress Asset Management Co. increased its position in JFrog by 14.4% in the third quarter. Congress Asset Management Co. now owns 1,420,301 shares of the company’s stock worth $137,826,000 after buying an additional 178,310 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of JFrog by 7.9% in the third quarter. Moody National Bank Trust Division now owns 9,768 shares of the company’s stock valued at $948,000 after buying an additional 718 shares during the period. QRG Capital Management Inc. purchased a new position in shares of JFrog during the 2nd quarter valued at $222,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of JFrog during the 2nd quarter valued at $248,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of JFrog during the 2nd quarter worth $500,000. 85.02% of the stock is owned by institutional investors.

About JFrog

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.