JFrog Ltd. (NASDAQ:FROG) Director Sells $1,112,300.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total value of $1,112,300.00. Following the completion of the sale, the director now owns 4,444,432 shares of the company’s stock, valued at approximately $141,244,048.96. This represents a 0.78 % 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, December 10th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $30.46, for a total value of $1,066,100.00.
• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00.

JFrog Trading Down 0.1 %

NASDAQ:FROG opened at $32.75 on Friday. The stock has a market capitalization of $3.34 billion, a PE ratio of -61.79 and a beta of 0.95. The firm’s 50 day moving average is $30.98 and its 200 day moving average is $30.90. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81.

Institutional Investors Weigh In On JFrog

Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after purchasing an additional 210,000 shares during the period. JPMorgan Chase & Co. grew its stake in JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after buying an additional 159,483 shares in the last quarter. Principal Financial Group Inc. grew its stake in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after buying an additional 514,895 shares in the last quarter. North Peak Capital Management LLC purchased a new position in JFrog in the 3rd quarter valued at approximately $73,417,000. Finally, Atom Investors LP grew its stake in JFrog by 57.0% in the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after buying an additional 24,120 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FROG shares. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Needham & Company LLC lifted their price target on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group lifted their price target on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays cut their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.72.

About JFrog

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.