JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $50.35, for a total transaction of $1,258,750.00. Following the completion of the transaction, the director directly owned 3,458,286 shares of the company’s stock, valued at $174,124,700.10. This represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Frederic Simon also recently made the following trade(s):
- On Wednesday, April 1st, Frederic Simon sold 55,000 shares of JFrog stock. The shares were sold at an average price of $48.34, for a total transaction of $2,658,700.00.
- On Tuesday, March 3rd, Frederic Simon sold 10,000 shares of JFrog stock. The shares were sold at an average price of $42.08, for a total transaction of $420,800.00.
- On Monday, March 2nd, Frederic Simon sold 25,000 shares of JFrog stock. The shares were sold at an average price of $40.18, for a total transaction of $1,004,500.00.
JFrog Stock Down 4.7%
Shares of NASDAQ:FROG opened at $44.46 on Friday. The firm has a fifty day moving average of $45.59 and a two-hundred day moving average of $52.92. The firm has a market capitalization of $5.39 billion, a P/E ratio of -71.71 and a beta of 1.14. JFrog Ltd. has a 12-month low of $29.50 and a 12-month high of $70.43.
Analyst Upgrades and Downgrades
FROG has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of JFrog in a research note on Monday, February 23rd. Stifel Nicolaus reduced their price objective on shares of JFrog from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Morgan Stanley set a $70.00 price objective on shares of JFrog in a research note on Monday, February 23rd. Barclays lifted 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. Finally, Guggenheim initiated coverage on shares of JFrog in a research note on Monday, March 16th. They issued a “buy” rating and a $60.00 price objective for the company. Eighteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.05.
View Our Latest Report on FROG
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. bought a new position in JFrog in the 4th quarter worth $30,000. Farther Finance Advisors LLC raised its holdings in JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the period. Employees Retirement System of Texas bought a new position in JFrog in the 4th quarter worth $44,000. First Horizon Corp bought a new position in JFrog in the 4th quarter worth $47,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in JFrog by 12,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock worth $47,000 after acquiring an additional 754 shares during the period. 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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