JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 6,063 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $40.32, for a total transaction of $244,460.16. Following the transaction, the chief financial officer owned 233,839 shares in the company, valued at approximately $9,428,388.48. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Eduard Grabscheid also recently made the following trade(s):
- On Monday, March 2nd, Eduard Grabscheid sold 15,639 shares of JFrog stock. The shares were sold at an average price of $40.15, for a total transaction of $627,905.85.
JFrog Trading Down 1.1%
FROG stock opened at $40.63 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of -65.54 and a beta of 1.20. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The company has a fifty day simple moving average of $52.48 and a 200 day simple moving average of $53.53.
Hedge Funds Weigh In On JFrog
A number of institutional investors have recently made changes to their positions in FROG. Caitong International Asset Management Co. Ltd boosted its stake in JFrog by 12,566.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock valued at $47,000 after purchasing an additional 754 shares during the period. Virtu Financial LLC grew its holdings in JFrog by 59.7% in the 4th quarter. Virtu Financial LLC now owns 10,163 shares of the company’s stock valued at $635,000 after buying an additional 3,798 shares during the last quarter. Invesco Ltd. increased its position in JFrog by 6,868.3% in the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after buying an additional 2,073,876 shares during the period. State of Tennessee Department of Treasury bought a new position in JFrog in the 4th quarter worth approximately $246,000. Finally, Empowered Funds LLC acquired a new position in shares of JFrog during the fourth quarter worth approximately $503,000. 85.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of JFrog in a research report on Monday, February 23rd. JPMorgan Chase & Co. upped their target price on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. TD Cowen lifted their price target on shares of JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Oppenheimer raised shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday, November 7th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.42.
Check Out Our Latest Stock Report on FROG
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.
Further Reading
- Five stocks we like better than JFrog
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Unlocked: Elon Musk’s Next Big IPO
- Elon Musk already made me a “wealthy man”
Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.
