JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 15,639 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total value of $627,905.85. Following the completion of the transaction, the chief financial officer directly owned 239,902 shares of the company’s stock, valued at approximately $9,632,065.30. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Eduard Grabscheid also recently made the following trade(s):
- On Tuesday, March 3rd, Eduard Grabscheid sold 6,063 shares of JFrog stock. The stock was sold at an average price of $40.32, for a total value of $244,460.16.
JFrog Stock Performance
FROG stock traded down $3.05 during trading on Wednesday, hitting $39.19. The stock had a trading volume of 4,367,517 shares, compared to its average volume of 3,482,825. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -63.21 and a beta of 1.20. The company’s 50 day moving average price is $54.06 and its two-hundred day moving average price is $53.75. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $70.43.
Analysts Set New Price Targets
Several research firms have recently issued reports on FROG. BTIG Research decreased their price objective on JFrog from $83.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, February 13th. William Blair reiterated an “outperform” rating on shares of JFrog in a research report on Monday, February 23rd. Canaccord Genuity Group decreased their price target on JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. KeyCorp upped their price objective on shares of JFrog from $71.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.42.
View Our Latest Stock Report on JFrog
Institutional Investors Weigh In On JFrog
A number of institutional investors have recently added to or reduced their stakes in FROG. Caitong International Asset Management Co. Ltd raised its holdings in shares of JFrog by 12,566.7% in the 4th 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 during the period. Virtu Financial LLC increased its position in 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 purchasing an additional 3,798 shares in the last quarter. Invesco Ltd. increased its position in JFrog by 6,868.3% during the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after purchasing an additional 2,073,876 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in JFrog in the fourth quarter valued at approximately $246,000. Finally, Empowered Funds LLC acquired a new position in JFrog during the fourth quarter valued at approximately $503,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
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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