JFrog (NASDAQ:FROG) Director Frederic Simon Sells 100,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 100,000 shares of JFrog stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00. Following the sale, the director directly owned 3,984,903 shares in the company, valued at approximately $234,471,692.52. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, October 14th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $46.92, for a total value of $1,642,200.00.
• On Tuesday, September 9th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $50.01, for a total value 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 value of $2,355,500.00.

JFrog Trading Down 3.7%

FROG opened at $61.67 on Thursday. The stock’s 50 day simple moving average is $49.60 and its 200-day simple moving average is $44.76. The stock has a market cap of $7.30 billion, a PE ratio of -88.10 and a beta of 1.02. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $65.50.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The firm had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. During the same period last year, the business earned $0.15 earnings per share. JFrog’s quarterly revenue was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, November 7th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. lifted their price objective on JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Canaccord Genuity Group upped their price objective on JFrog from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, TD Cowen raised their target price on JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.69.

Institutional Trading of JFrog

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of JFrog by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 197,055 shares of the company’s stock valued at $6,306,000 after acquiring an additional 12,269 shares during the last quarter. New York State Common Retirement Fund increased its holdings in JFrog by 14.6% during the 1st quarter. New York State Common Retirement Fund now owns 419,757 shares of the company’s stock valued at $13,432,000 after purchasing an additional 53,547 shares in the last quarter. Signaturefd LLC increased its holdings in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in JFrog by 15.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,298,840 shares of the company’s stock valued at $41,563,000 after purchasing an additional 174,177 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in JFrog by 44.4% in the first quarter. Segall Bryant & Hamill LLC now owns 288,065 shares of the company’s stock worth $9,218,000 after purchasing an additional 88,603 shares in the last quarter. 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.