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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the completion of the transaction, the director now directly owns 4,374,432 shares of the company’s stock, valued at approximately $146,455,983.36. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction of $1,257,200.00.
• On Tuesday, January 14th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00.

JFrog Trading Down 3.0 %

Shares of FROG traded down $0.99 during trading hours on Thursday, reaching $32.47. 566,285 shares of the company’s stock traded hands, compared to its average volume of 1,132,517. The stock has a market cap of $3.31 billion, a PE ratio of -51.54 and a beta of 0.95. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65. The firm’s 50 day simple moving average is $35.14 and its 200-day simple moving average is $31.60.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The company had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently modified their holdings of the stock. North Peak Capital Management LLC purchased a new stake in shares of JFrog in the third quarter worth approximately $73,417,000. Norges Bank acquired a new stake in shares of JFrog in the fourth quarter valued at about $32,878,000. Massachusetts Financial Services Co. MA purchased a new position in shares of JFrog in the third quarter valued at approximately $32,401,000. Raymond James Financial Inc. acquired a new position in JFrog during the fourth quarter worth about $30,554,000. Finally, Mackenzie Financial Corp boosted its stake in JFrog by 93.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after buying an additional 965,912 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays upped their target price on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus upped their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Finally, KeyCorp reiterated an “overweight” rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.06.

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.