JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Barry Zwarenstein sold 1,250 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $88.38, for a total value of $110,475.00. Following the completion of the transaction, the director owned 30,437 shares of the company’s stock, valued at approximately $2,690,022.06. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Barry Zwarenstein also recently made the following trade(s):
- On Thursday, July 23rd, Barry Zwarenstein sold 1,250 shares of JFrog stock. The shares were sold at an average price of $80.10, for a total value of $100,125.00.
JFrog Trading Up 1.5%
Shares of FROG stock opened at $93.98 on Friday. The company’s fifty day moving average price is $88.66 and its 200-day moving average price is $71.62. The stock has a market cap of $11.59 billion, a PE ratio of -253.99 and a beta of 1.28. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $105.76.
Institutional Investors Weigh In On JFrog
Several institutional investors and hedge funds have recently made changes to their positions in FROG. Summit Partners Public Asset Management LLC raised its position in JFrog by 77.8% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after buying an additional 694,700 shares during the last quarter. American Capital Management Inc. purchased a new stake in shares of JFrog during the 2nd quarter valued at about $1,225,000. Wellington Management Group LLP purchased a new stake in shares of JFrog during the 2nd quarter valued at about $69,951,000. Sei Investments Co. grew its stake in shares of JFrog by 169.0% in the first quarter. Sei Investments Co. now owns 468,861 shares of the company’s stock worth $22,004,000 after acquiring an additional 294,547 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in shares of JFrog in the first quarter worth approximately $41,956,000. Institutional investors own 85.02% of the company’s stock.
Wall Street Analyst Weigh In
FROG has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on JFrog from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Friday, July 17th. Benchmark boosted their target price on JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 7th. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of JFrog in a research note on Friday, September 4th. Finally, Canaccord Genuity Group set a $105.00 price target on JFrog in a report on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.48.
View Our Latest Stock Report on FROG
JFrog Company Profile
JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.
The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.
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