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

Key Points

• JFrog Director Frederic Simon sold 35,000 shares at an average price of $46.92, resulting in a total transaction of $1,642,200, which decreased his ownership in the company by 0.85%.
• JFrog's stock was trading at $46.68 with a market cap of $5.45 billion, following a pricing trend influenced by various recent sales by management.
• Analysts maintain a generally positive outlook on JFrog, with an average rating of "Moderate Buy" and a consensus price target of $51.69 based on multiple upgrades from different firms.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $46.92, for a total transaction of $1,642,200.00. Following the completion of the sale, the director directly owned 4,084,903 shares in the company, valued at $191,663,648.76. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 9th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $50.01, for a total transaction of $1,750,350.00.
• 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 transaction of $2,355,500.00.

JFrog Stock Performance

NASDAQ FROG traded up $0.07 during trading on Thursday, reaching $46.68. 943,963 shares of the company traded hands, compared to its average volume of 1,115,460. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $51.94. The company has a market cap of $5.45 billion, a price-to-earnings ratio of -60.62 and a beta of 1.05. The stock's 50 day moving average price is $47.46 and its two-hundred day moving average price is $41.84.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.JFrog's revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company 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. Equities research analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the topic of several analyst reports. Cowen reaffirmed a "buy" rating on shares of JFrog in a report on Friday, August 8th. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 price objective (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Robert W. Baird boosted their target price on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Finally, DA Davidson increased their price target on JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.69.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of FROG. Raymond James Financial Inc. lifted its holdings in JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock worth $34,308,000 after buying an additional 33,236 shares in the last quarter. Nishkama Capital LLC acquired a new position in shares of JFrog during the first quarter valued at $6,561,000. T. Rowe Price Investment Management Inc. boosted its holdings in JFrog by 65.1% in the first 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. Malaga Cove Capital LLC bought a new position in JFrog in the first quarter valued at about $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in JFrog by 14.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company's stock worth $19,383,000 after purchasing an additional 77,461 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

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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