Frederic Simon Sells 35,000 Shares of JFrog (NASDAQ:FROG) Stock

Key Points

• Frederic Simon, a director at JFrog, sold 35,000 shares of the company at an average price of $50.01, totaling $1,750,350, reducing his ownership to approximately 4.12 million shares.
• JFrog's latest earnings report showed revenue of $127.20 million and an EPS of $0.18, exceeding analyst expectations and prompting positive adjustments to future earnings guidance.
• Institutional investors significantly increased their stakes in JFrog, with notable increases including AllianceBernstein boosting their stake by 1,974% in the first quarter.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total value of $1,750,350.00. Following the sale, the director owned 4,119,903 shares in the company, valued at approximately $206,036,349.03. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, August 22nd, Frederic Simon sold 50,000 shares of JFrog stock. The stock was sold at an average price of $47.11, for a total value of $2,355,500.00.
• On Tuesday, July 8th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $41.71, for a total value of $1,459,850.00.

JFrog Trading Up 0.5%

Shares of NASDAQ FROG traded up $0.23 during trading on Thursday, reaching $49.89. The company had a trading volume of 800,979 shares, compared to its average volume of 1,143,143. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $50.98. The stock has a market capitalization of $5.82 billion, a PE ratio of -64.79 and a beta of 1.07. The stock has a 50-day moving average price of $44.14 and a two-hundred day moving average price of $39.46.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The company had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, sell-side analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of analyst reports. KeyCorp boosted their price target on JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of JFrog in a report on Wednesday. Stifel Nicolaus boosted their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Finally, Barclays upped their target price on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.27.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in FROG. Alliancebernstein L.P. increased its stake in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after acquiring an additional 2,047,294 shares during the last quarter. Eminence Capital LP acquired a new stake in JFrog during the first quarter worth about $43,268,000. Norges Bank acquired a new stake in JFrog during the second quarter worth about $50,968,000. T. Rowe Price Investment Management Inc. increased its stake in JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in JFrog by 93.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after acquiring an additional 965,912 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.