JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the sale, the director now directly owns 4,374,432 shares of the company's stock, valued at approximately $146,455,983.36. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Frederic Simon also recently made the following trade(s):
- On Tuesday, February 11th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00.
- On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $31.78, for a total value of $1,112,300.00.
JFrog Price Performance
Shares of FROG stock opened at $32.47 on Friday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $46.65. The company's fifty day simple moving average is $35.17 and its two-hundred day simple moving average is $31.61. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -51.54 and a beta of 0.95.
JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. Barclays lifted their price target on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial upped their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.06.
View Our Latest Research Report on JFrog
Hedge Funds Weigh In On JFrog
A number of large investors have recently modified their holdings of the company. abrdn plc increased its holdings in JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after acquiring an additional 30,392 shares during the period. JPMorgan Chase & Co. raised its position in shares of JFrog by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company's stock worth $43,817,000 after buying an additional 159,483 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock valued at $9,642,000 after buying an additional 34,900 shares during the period. TimesSquare Capital Management LLC grew its position in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after buying an additional 365,376 shares in the last quarter. Finally, North Peak Capital Management LLC bought a new position in JFrog in the 3rd quarter worth about $73,417,000. 85.02% of the stock is currently owned by institutional investors.
JFrog Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
