JFrog Ltd. (NASDAQ:FROG) Director Sells $1,080,100.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

JFrog Price Performance

NASDAQ:FROG opened at $29.96 on Wednesday. The company’s 50-day moving average is $29.55 and its two-hundred day moving average is $31.82. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -56.53 and a beta of 0.93.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Scotiabank lifted their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, KeyCorp increased their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.72.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FROG. Future Financial Wealth Managment LLC purchased a new stake in JFrog in the third quarter valued at $29,000. Advisors Asset Management Inc. raised its holdings in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares during the period. West Tower Group LLC acquired a new position in JFrog in the third quarter valued at about $116,000. SG Americas Securities LLC purchased a new position in JFrog during the second quarter worth about $187,000. Finally, Sanctuary Advisors LLC purchased a new position in JFrog during the second quarter worth about $188,000. 85.02% of the stock is currently 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.