JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 8,780 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $90.51, for a total transaction of $794,677.80. Following the sale, the chief financial officer owned 200,496 shares of the company’s stock, valued at approximately $18,146,892.96. This represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Eduard Grabscheid also recently made the following trade(s):
- On Thursday, September 3rd, Eduard Grabscheid sold 8,436 shares of JFrog stock. The shares were sold at an average price of $91.60, for a total transaction of $772,737.60.
JFrog Price Performance
Shares of NASDAQ:FROG traded down $3.01 on Friday, reaching $87.60. The company’s stock had a trading volume of 1,655,976 shares, compared to its average volume of 2,924,493. The stock’s 50-day moving average is $89.29 and its two-hundred day moving average is $68.29. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $105.76. The stock has a market capitalization of $10.80 billion, a P/E ratio of -236.75 and a beta of 1.28.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on JFrog from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Guggenheim lifted their price objective on shares of JFrog from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on shares of JFrog from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley set a $100.00 price objective on shares of JFrog in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $102.00 target price on shares of JFrog in a research note on Friday. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.14.
Read Our Latest Stock Analysis on FROG
Institutional Trading of JFrog
A number of institutional investors have recently modified their holdings of the business. Snowden Capital Advisors LLC boosted its stake in shares of JFrog by 1.7% in the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after buying an additional 253 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in JFrog by 2.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock worth $948,000 after acquiring an additional 299 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in JFrog by 8.0% in the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock valued at $208,000 after acquiring an additional 330 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in JFrog by 5.8% in the third quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock valued at $326,000 after acquiring an additional 377 shares during the period. Finally, Millstone Evans Group LLC boosted its position in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting JFrog
Here are the key news stories impacting JFrog this week:
- Positive Sentiment: DA Davidson and BTIG Research reaffirmed “Buy” ratings with $115 price targets. TD Cowen also maintained a “Buy” rating with a $120 target, while RBC reiterated “Outperform” with a $118 target. The recommendations indicate continued confidence in JFrog’s growth prospects in DevOps, software supply-chain security and artificial intelligence.
- Positive Sentiment: JFrog’s product announcements around zero-touch remediation, continuous compliance, AI-era software supply-chain security and its partnership with Wiz could expand the company’s addressable market and strengthen its competitive position. JFrog zero-touch remediation announcement
- Neutral Sentiment: JFrog’s CEO Shlomi Ben Haim sold 37,232 shares worth approximately $3.4 million to cover tax withholding related to vested equity awards. Because he retained roughly 4.5 million shares, the transaction is less significant as a discretionary bearish signal. JFrog CEO insider sale
- Negative Sentiment: Security researchers reported that attackers are exploiting a critical JFrog Artifactory vulnerability to forge administrative tokens and potentially obtain elevated access. The issue may lead to urgent customer patching, increased scrutiny of JFrog’s security practices and potential customer-retention or liability concerns. Exploited JFrog Artifactory vulnerability
- Negative Sentiment: Director Frederic Simon sold 120,000 shares for approximately $11.2 million, and reports also cited a roughly $25.1 million sale by CTO Yoav Landman. Simon’s transaction was made under a Rule 10b5-1 plan, which reduces its predictive value, but the volume of insider selling can still pressure investor sentiment.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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