JFrog Ltd. (NASDAQ:FROG) Director Sells $1,066,100.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $30.46, for a total value of $1,066,100.00. Following the transaction, the director now directly owns 4,479,432 shares in the company, valued at $136,443,498.72. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Frederic Simon also recently made the following trade(s):

• On Friday, November 15th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00.

JFrog Stock Performance

FROG stock traded up $0.12 during trading on Wednesday, hitting $30.38. 805,389 shares of the company traded hands, compared to its average volume of 1,239,158. The company has a 50-day moving average of $30.40 and a 200-day moving average of $31.40. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The firm has a market capitalization of $3.10 billion, a PE ratio of -57.09 and a beta of 0.94.

Institutional Trading of JFrog

A number of institutional investors have recently made changes to their positions in FROG. Mackenzie Financial Corp raised its holdings in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the last quarter. George Kaiser Family Foundation raised its stake in shares of JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after acquiring an additional 532 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the period. US Bancorp DE grew its stake in shares of JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in JFrog during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FROG shares. DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Scotiabank boosted their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, UBS Group raised their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus target price of $37.72.

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.