JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 55,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $48.34, for a total value of $2,658,700.00. Following the completion of the transaction, the director owned 3,483,286 shares in the company, valued at $168,382,045.24. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Frederic Simon also recently made the following trade(s):
- On Tuesday, March 3rd, Frederic Simon sold 10,000 shares of JFrog stock. The stock was sold at an average price of $42.08, for a total value of $420,800.00.
- On Monday, March 2nd, Frederic Simon sold 25,000 shares of JFrog stock. The shares were sold at an average price of $40.18, for a total value of $1,004,500.00.
JFrog Price Performance
NASDAQ FROG remained flat at $50.61 during trading hours on Friday. The company had a trading volume of 2,766,210 shares, compared to its average volume of 3,088,420. JFrog Ltd. has a one year low of $27.00 and a one year high of $70.43. The stock has a market cap of $6.13 billion, a P/E ratio of -81.63 and a beta of 1.14. The business’s 50-day moving average is $46.64 and its 200-day moving average is $52.95.
Hedge Funds Weigh In On JFrog
Several institutional investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC increased its holdings in shares of JFrog by 2.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock worth $481,000 after buying an additional 253 shares during the last quarter. Snowden Capital Advisors LLC grew its position in JFrog by 1.7% in the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after acquiring an additional 253 shares in the last quarter. Park Avenue Securities LLC grew its position in JFrog by 3.1% in the fourth quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock worth $585,000 after acquiring an additional 279 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in JFrog by 2.0% during 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 during the last quarter. Finally, Arizona State Retirement System raised its position in JFrog by 1.3% during the third quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock valued at $1,362,000 after purchasing an additional 362 shares during the period. Institutional investors own 85.02% of the company’s stock.
Analysts Set New Price Targets
FROG has been the topic of a number of research reports. DA Davidson reduced their price target on shares of JFrog from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Morgan Stanley set a $70.00 price objective on shares of JFrog in a report on Monday, February 23rd. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays boosted their target price on JFrog from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, TD Cowen increased their price target on JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.05.
Check Out Our Latest Stock Report on JFrog
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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