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

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 100,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $58.84, for a total transaction of $5,884,000.00. Following the completion of the sale, the director owned 3,984,903 shares in the company, valued at $234,471,692.52. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $46.92, for a total transaction 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 transaction 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 Stock Down 3.7%

FROG stock traded down $2.34 during midday trading on Wednesday, reaching $61.67. 2,130,339 shares of the company’s stock traded hands, compared to its average volume of 1,157,620. The company has a 50-day simple moving average of $49.32 and a two-hundred day simple moving average of $44.64. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $65.50. The company has a market cap of $7.30 billion, a price-to-earnings ratio of -88.10 and a beta of 1.02.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s 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. Equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC grew its stake in JFrog by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock valued at $481,000 after acquiring an additional 253 shares during the period. Snowden Capital Advisors LLC raised its position in shares of JFrog by 1.7% during the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after purchasing an additional 253 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Arizona State Retirement System grew its position in shares of JFrog by 1.3% in the 3rd 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. Finally, Park Avenue Securities LLC increased its stake in JFrog by 4.6% during the 2nd quarter. Park Avenue Securities LLC now owns 9,155 shares of the company’s stock worth $402,000 after purchasing an additional 405 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on FROG. Raymond James Financial increased their price objective on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Piper Sandler lifted their price objective on JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, Barclays upped their price objective on JFrog from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.69.

JFrog Company Profile

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.