JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $23.81, for a total value of $833,350.00. Following the sale, the director now owns 5,054,432 shares of the company’s stock, valued at $120,346,025.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Frederic Simon also recently made the following trade(s):
- On Tuesday, September 19th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $26.44, for a total value of $925,400.00.
- On Tuesday, August 22nd, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $27.22, for a total value of $952,700.00.
JFrog Stock Down 0.5 %
JFrog stock opened at $22.39 on Friday. JFrog Ltd. has a 52 week low of $17.11 and a 52 week high of $30.94. The company’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $25.23. The stock has a market cap of $2.28 billion, a P/E ratio of -26.98 and a beta of 0.60.
Analysts Set New Price Targets
Several analysts have recently commented on FROG shares. Scotiabank started coverage on JFrog in a research note on Wednesday, September 27th. They issued a “sector perform” rating and a $29.00 target price for the company. William Blair upgraded JFrog from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 14th. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of JFrog in a research note on Thursday, September 14th. Truist Financial raised their target price on JFrog from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity Group raised their target price on JFrog from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.36.
Check Out Our Latest Stock Analysis on FROG
Hedge Funds Weigh In On JFrog
Hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC bought a new position in shares of JFrog during the 1st quarter worth approximately $3,300,000. Exchange Traded Concepts LLC raised its holdings in shares of JFrog by 51.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 26,648 shares of the company’s stock worth $738,000 after purchasing an additional 9,003 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of JFrog in the 1st quarter worth approximately $881,000. Silicon Valley Capital Partners raised its holdings in shares of JFrog by 4.8% in the 1st quarter. Silicon Valley Capital Partners now owns 10,958 shares of the company’s stock worth $216,000 after purchasing an additional 499 shares during the period. Finally, ETF Managers Group LLC bought a new stake in shares of JFrog in the 1st quarter worth approximately $1,626,000. Institutional investors own 57.65% of the company’s stock.
About JFrog
JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.
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