JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 15,639 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $40.15, for a total transaction of $627,905.85. Following the sale, the chief financial officer directly owned 239,902 shares in the company, valued at $9,632,065.30. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Eduard Grabscheid also recently made the following trade(s):
- On Tuesday, March 3rd, Eduard Grabscheid sold 6,063 shares of JFrog stock. The shares were sold at an average price of $40.32, for a total transaction of $244,460.16.
JFrog Stock Performance
Shares of JFrog stock opened at $40.63 on Friday. The company has a 50-day simple moving average of $52.48 and a two-hundred day simple moving average of $53.53. The stock has a market capitalization of $4.86 billion, a PE ratio of -65.54 and a beta of 1.20. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43.
Analyst Ratings Changes
A number of analysts have commented on FROG shares. UBS Group set a $60.00 target price on JFrog in a report on Friday, February 13th. Evercore set a $80.00 price target on JFrog in a report on Thursday, February 26th. TD Cowen increased their price objective on JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price objective on shares of JFrog in a report on Wednesday, February 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $70.00 target price on shares of JFrog in a research report on Thursday, February 26th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.42.
Get Our Latest Analysis on FROG
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in JFrog by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock worth $593,734,000 after acquiring an additional 362,654 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock worth $330,901,000 after acquiring an additional 2,389,415 shares during the period. Wasatch Advisors LP lifted its holdings in JFrog by 6.0% during the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock valued at $128,306,000 after purchasing an additional 153,283 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in JFrog by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after purchasing an additional 633,231 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of JFrog by 37.5% in the fourth quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock worth $140,750,000 after purchasing an additional 614,383 shares during the period. 85.02% of the stock is owned by hedge funds and other 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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