JFrog (NASDAQ:FROG) Director Sells 120,000 Shares of Company Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the completion of the transaction, the director owned 2,744,328 shares in the company, valued at approximately $266,858,454.72. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Frederic Simon sold 120,000 shares of JFrog stock. The shares were sold at an average price of $93.21, for a total transaction of $11,185,200.00.
• On Thursday, August 13th, Frederic Simon sold 120,000 shares of JFrog stock. The shares were sold at an average price of $90.86, for a total value of $10,903,200.00.

JFrog Stock Performance

Shares of FROG traded up $2.36 during mid-day trading on Monday, hitting $97.86. 1,056,418 shares of the company’s stock were exchanged, compared to its average volume of 2,787,576. The stock’s 50-day moving average is $89.89 and its 200-day moving average is $75.59. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $105.76. The company has a market cap of $12.07 billion, a price-to-earnings ratio of -264.48 and a beta of 1.24.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The firm had revenue of $163.77 million during the quarter, compared to analysts’ expectations of $155.63 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of JFrog in a research report on Monday, June 8th. TD Cowen reissued a “buy” rating and set a $120.00 target price on shares of JFrog in a research note on Thursday, September 3rd. Raymond James Financial set a $120.00 price target on JFrog in a report on Friday, August 7th. DA Davidson reaffirmed a “buy” rating and issued a $115.00 price target on shares of JFrog in a research report on Friday, September 4th. Finally, UBS Group lifted their price objective on JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Twenty-one research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.48.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently modified their holdings of the company. Summit Partners Public Asset Management LLC boosted its position in shares of JFrog by 77.8% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after acquiring an additional 694,700 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of JFrog during the 2nd quarter worth about $69,951,000. American Capital Management Inc. purchased a new stake in JFrog during the second quarter worth approximately $1,225,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in JFrog during the second quarter worth approximately $1,427,000. Finally, Sei Investments Co. boosted its holdings in JFrog by 169.0% in the first quarter. Sei Investments Co. now owns 468,861 shares of the company’s stock valued at $22,004,000 after purchasing an additional 294,547 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

About JFrog

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.