Frederic Simon Sells 80,000 Shares of JFrog (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $61.76, for a total transaction of $4,940,800.00. Following the completion of the sale, the director owned 3,867,786 shares of the company’s stock, valued at $238,874,463.36. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, November 7th, Frederic Simon sold 100,000 shares of JFrog stock. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00.
• 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 shares were sold at an average price of $50.01, for a total value of $1,750,350.00.

JFrog Trading Down 2.8%

Shares of NASDAQ FROG opened at $60.97 on Thursday. The company has a market capitalization of $7.21 billion, a P/E ratio of -87.10 and a beta of 1.02. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $65.50. The stock has a 50 day moving average of $51.69 and a 200-day moving average of $46.52.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. During the same quarter last year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its stake in JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock worth $34,308,000 after buying an additional 33,236 shares during the period. Nishkama Capital LLC bought a new position in shares of JFrog in the 1st quarter worth $6,561,000. T. Rowe Price Investment Management Inc. increased its stake in JFrog by 65.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after purchasing an additional 1,037,482 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in JFrog during the first quarter worth $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of JFrog by 14.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock valued at $19,383,000 after buying an additional 77,461 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on FROG. Cowen reaffirmed a “buy” rating on shares of JFrog in a report on Friday, October 17th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Oppenheimer raised 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. Canaccord Genuity Group lifted their price target on JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Truist Financial restated a “buy” rating and set a $70.00 price objective (up previously from $55.00) on shares of JFrog in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus price target of $62.69.

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.