JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 55,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $48.34, for a total transaction of $2,658,700.00. Following the transaction, the director owned 3,483,286 shares in the company, valued at approximately $168,382,045.24. This trade represents a 1.55% decrease in their position. 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, March 3rd, Frederic Simon sold 10,000 shares of JFrog stock. The stock was 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 Price Performance
Shares of NASDAQ FROG remained flat at $50.61 during midday trading on Friday. The stock had a trading volume of 2,766,210 shares, compared to its average volume of 3,088,420. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -81.63 and a beta of 1.14. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $70.43. The stock has a 50 day moving average price of $46.64 and a 200-day moving average price of $52.95.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Guggenheim began coverage on shares of JFrog in a research note on Monday, March 16th. They issued a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research report on Thursday, January 22nd. UBS Group upgraded shares of JFrog from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, March 24th. BTIG Research dropped their price target on shares of JFrog from $83.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of JFrog in a research report on Wednesday, February 4th. Eighteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.05.
Get Our Latest Stock Analysis on FROG
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FROG. Blue Trust Inc. purchased a new position in JFrog during the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its position in shares of JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares during the period. Employees Retirement System of Texas bought a new stake in shares of JFrog during the 4th quarter valued at $44,000. First Horizon Corp purchased a new position in shares of JFrog during the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd boosted 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 buying an additional 754 shares during the period. 85.02% of the stock is currently owned by institutional investors.
About JFrog
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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