Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 35,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

JFrog Stock Down 1.0%

FROG stock traded down $0.41 during trading on Friday, reaching $40.15. The company's stock had a trading volume of 162,552 shares, compared to its average volume of 1,120,333. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $45.10. The company has a market capitalization of $4.60 billion, a P/E ratio of -56.56 and a beta of 1.06. The company's fifty day moving average is $41.57 and its 200-day moving average is $36.32.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the business posted $0.16 EPS. JFrog's revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after purchasing an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after acquiring an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after acquiring an additional 70,204 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

FROG has been the subject of several research analyst reports. Scotiabank dropped their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Barclays dropped their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Morgan Stanley boosted their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Raymond James Financial set a $50.00 price target on JFrog and gave the company an "outperform" rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average target price of $42.06.

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.