JFrog Ltd. (NASDAQ:FROG) Director Sells $1,459,850.00 in Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

JFrog Price Performance

Shares of FROG stock traded down $1.49 on Thursday, reaching $40.56. 659,578 shares of the company were exchanged, compared to its average volume of 1,121,402. JFrog Ltd. has a one year low of $22.91 and a one year high of $45.10. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -57.13 and a beta of 1.06. The company has a 50-day moving average of $41.45 and a 200-day moving average of $36.25.

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

Institutional Trading of JFrog

A number of hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its holdings in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the period. Signaturefd LLC lifted its holdings in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of JFrog in the first quarter worth $104,000. Finally, Smartleaf Asset Management LLC boosted its holdings in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

FROG has been the subject of several recent research reports. Barclays cut their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Raymond James Financial set a $50.00 price target on JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Scotiabank cut their target price 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. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus 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.

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