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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

JFrog Stock Down 0.7 %

Shares of FROG stock opened at $29.96 on Wednesday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock has a market cap of $3.05 billion, a PE ratio of -56.53 and a beta of 0.93. The business has a 50-day simple moving average of $29.55 and a 200-day simple moving average of $31.82.

Analysts Set New Price Targets

FROG has been the subject of several analyst reports. KeyCorp increased their price objective on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Bank of America decreased their price target on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group boosted their price target on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler decreased their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Three equities 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. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the period. George Kaiser Family Foundation boosted its holdings in JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after buying an additional 532 shares in the last quarter. Van ECK Associates Corp grew its position in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after buying an additional 577 shares during the period. Advisors Asset Management Inc. increased its holdings 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 buying an additional 662 shares in the last quarter. Finally, US Bancorp DE increased its holdings in JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after buying an additional 798 shares in the last quarter. 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.