JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the transaction, the director now owns 4,654,432 shares of the company’s stock, valued at approximately $181,383,215.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Frederic Simon also recently made the following trade(s):
- On Tuesday, March 19th, Frederic Simon sold 35,000 shares of JFrog stock. The shares were sold at an average price of $42.59, for a total value of $1,490,650.00.
- On Tuesday, February 20th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $42.39, for a total value of $1,483,650.00.
- On Thursday, February 15th, Frederic Simon sold 150,000 shares of JFrog stock. The shares were sold at an average price of $47.27, for a total transaction of $7,090,500.00.
JFrog Stock Performance
FROG stock opened at $41.99 on Friday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -69.98 and a beta of 0.99. The business’s 50-day moving average is $42.22 and its two-hundred day moving average is $34.34. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC increased its stake in shares of JFrog by 46.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 39,136 shares of the company’s stock worth $992,000 after purchasing an additional 12,488 shares in the last quarter. Bank of New York Mellon Corp lifted its position in JFrog by 48.8% during the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock valued at $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JFrog by 53.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock valued at $9,739,000 after purchasing an additional 134,047 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of JFrog by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,050 shares of the company’s stock worth $306,000 after buying an additional 2,643 shares during the period. Finally, Washington Capital Management Inc. purchased a new position in shares of JFrog during the 3rd quarter valued at about $424,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. KeyCorp started coverage on JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective on the stock. DA Davidson increased their target price on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) boosted their price target on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, Morgan Stanley increased their price objective on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target of $43.46.
Get Our Latest Stock Report on JFrog
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.
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