JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 3,568,286 shares of the company’s stock, valued at approximately $143,373,731.48. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was 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 stock was sold at an average price of $59.51, for a total value of $4,760,800.00.
JFrog Stock Performance
Shares of JFrog stock opened at $40.63 on Friday. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $70.43. The stock has a 50 day moving average price of $52.48 and a two-hundred day moving average price of $53.53. The stock has a market capitalization of $4.86 billion, a PE ratio of -65.54 and a beta of 1.20.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FROG. Barclays raised their price objective on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Stifel Nicolaus decreased their price objective on JFrog from $64.00 to $52.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Piper Sandler dropped their target price on JFrog from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average target price of $67.42.
View Our Latest Report on JFrog
Hedge Funds Weigh In On JFrog
Hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board bought a new stake in shares of JFrog during the 3rd quarter worth $3,247,000. Sound View Wealth Advisors Group LLC purchased a new position in shares of JFrog in the 2nd quarter worth about $233,000. Arrowstreet Capital Limited Partnership grew its position in JFrog by 3,033.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock valued at $12,775,000 after buying an additional 281,844 shares during the period. Federated Hermes Inc. purchased a new stake in JFrog during the third quarter worth about $6,697,000. Finally, HighTower Advisors LLC increased its holdings in JFrog by 452.1% during the third quarter. HighTower Advisors LLC now owns 56,821 shares of the company’s stock worth $2,689,000 after buying an additional 46,529 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
JFrog Company Profile
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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