JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 25,000 shares of JFrog stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $40.18, for a total value of $1,004,500.00. Following the sale, the director directly owned 3,568,286 shares in the company, valued at $143,373,731.48. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Frederic Simon also recently made the following trade(s):
- On Tuesday, March 3rd, Frederic Simon sold 10,000 shares of JFrog stock. The shares were sold at an average price of $42.08, for a total value of $420,800.00.
- On Friday, January 2nd, Frederic Simon sold 80,000 shares of JFrog stock. The shares were sold at an average price of $59.51, for a total transaction of $4,760,800.00.
JFrog Trading Down 7.2%
FROG stock traded down $3.05 during trading on Wednesday, hitting $39.19. The company had a trading volume of 4,367,517 shares, compared to its average volume of 3,482,825. The business has a 50 day moving average of $54.06 and a 200 day moving average of $53.75. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -63.21 and a beta of 1.20. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $70.43.
Analyst Ratings Changes
Several brokerages have recently issued reports on FROG. Evercore set a $80.00 price target on JFrog in a research report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $70.00 target price on shares of JFrog in a research note on Thursday, February 26th. Morgan Stanley set a $70.00 price target on shares of JFrog in a research report on Monday, February 23rd. DA Davidson cut their price target on shares of JFrog from $75.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Oppenheimer raised shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Friday, November 7th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.42.
Get Our Latest Research Report on FROG
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in JFrog by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock worth $593,734,000 after purchasing an additional 362,654 shares during the period. Whale Rock Capital Management LLC boosted its position in shares of JFrog by 82.2% in the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock worth $330,901,000 after buying an additional 2,389,415 shares during the period. Wasatch Advisors LP boosted its position in shares of JFrog by 6.0% in the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock worth $128,306,000 after buying an additional 153,283 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of JFrog by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after buying an additional 633,231 shares in the last quarter. Finally, Fiera Capital Corp raised its position in JFrog by 37.5% during the fourth quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock valued at $140,750,000 after buying an additional 614,383 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.
About JFrog
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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