Frederic Simon Sells 35,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

JFrog Price Performance

Shares of FROG traded down $0.23 during mid-day trading on Tuesday, reaching $29.93. The company’s stock had a trading volume of 668,530 shares, compared to its average volume of 1,268,001. The company’s 50 day moving average is $29.51 and its 200 day moving average is $31.89. The stock has a market cap of $3.05 billion, a PE ratio of -56.91 and a beta of 0.93. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Wall Street Analyst Weigh In

FROG has been the subject of several recent research reports. UBS Group lifted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler lowered their price target on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group lowered their price target on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their price objective on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America reduced their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Future Financial Wealth Managment LLC purchased a new stake in JFrog during the third quarter worth $29,000. Advisors Asset Management Inc. increased its stake in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the last quarter. West Tower Group LLC acquired a new position in JFrog in the third quarter valued at $116,000. SG Americas Securities LLC acquired a new position in JFrog in the second quarter valued at $187,000. Finally, Sanctuary Advisors LLC acquired a new stake in JFrog during the second quarter worth about $188,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Company Profile

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.