JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon Sells 35,000 Shares

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the sale, the director owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JFrog Trading Down 1.8%

Shares of JFrog stock traded down $0.73 on Friday, hitting $39.83. 878,773 shares of the company traded hands, compared to its average volume of 1,125,202. The firm's 50-day simple moving average is $41.67 and its 200 day simple moving average is $36.39. The company has a market cap of $4.56 billion, a P/E ratio of -56.10 and a beta of 1.06. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $45.10.

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

Hedge Funds Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares during the last quarter. Signaturefd LLC grew its position in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares during the last quarter. PNC Financial Services Group Inc. grew its position in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after acquiring an additional 329 shares during the last quarter. Bayforest Capital Ltd bought a new position in JFrog during the 1st quarter worth approximately $104,000. Finally, Smartleaf Asset Management LLC grew its position in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FROG shares. Raymond James Financial set a $50.00 price objective on shares of JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays cut their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Scotiabank cut their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and an average price target 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.