JFrog (NASDAQ:FROG) Director Sells $1,750,350.00 in 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 company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total transaction of $1,750,350.00. Following the completion of the sale, the director directly owned 4,119,903 shares of the company's stock, valued at $206,036,349.03. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $47.11, for a total transaction 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 transaction of $1,459,850.00.

JFrog Trading Down 3.0%

Shares of JFrog stock traded down $1.50 on Tuesday, hitting $47.86. 2,052,273 shares of the company traded hands, compared to its average volume of 1,397,505. The firm's 50-day simple moving average is $44.72 and its 200 day simple moving average is $39.81. The company has a market cap of $5.59 billion, a P/E ratio of -62.16 and a beta of 1.07. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $50.98.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FROG shares. Canaccord Genuity Group upped their price target on shares of JFrog from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Stifel Nicolaus upped their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and set a $48.00 price objective (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 target price on shares of JFrog in a report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and a consensus price target of $49.93.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently bought and sold shares of FROG. Northern Trust Corp increased its stake in shares of JFrog by 79.0% during the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company's stock worth $4,562,000 after buying an additional 68,463 shares during the period. Ameriprise Financial Inc. raised its stake in shares of JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock worth $3,766,000 after purchasing an additional 29,372 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in JFrog in the fourth quarter worth $212,000. Cetera Investment Advisers purchased a new position in JFrog in the fourth quarter worth $452,000. Finally, Deutsche Bank AG raised its position in JFrog by 10.6% in the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock worth $4,671,000 after acquiring an additional 15,239 shares in the last quarter. 85.02% of the stock is 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.