JFrog Ltd. (NASDAQ:FROG – Get Free Report) Director Barry Zwarenstein sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $88.38, for a total value of $110,475.00. Following the completion of the sale, the director directly owned 30,437 shares of the company’s stock, valued at $2,690,022.06. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Barry Zwarenstein also recently made the following trade(s):
- On Thursday, July 23rd, Barry Zwarenstein sold 1,250 shares of JFrog stock. The stock was sold at an average price of $80.10, for a total value of $100,125.00.
JFrog Trading Down 2.3%
Shares of NASDAQ FROG traded down $2.15 during trading hours on Wednesday, hitting $92.65. 1,282,692 shares of the company traded hands, compared to its average volume of 2,873,699. The company’s 50 day moving average price is $88.69 and its 200 day moving average price is $70.88. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $105.76. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of -250.40 and a beta of 1.28.
Institutional Investors Weigh In On JFrog
Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP lifted its stake in JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after acquiring an additional 2,710,167 shares during the period. First Trust Advisors LP increased its position in JFrog by 85,066.4% during the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after purchasing an additional 3,358,422 shares during the period. Bank of America Corp DE increased its position in JFrog by 48.2% during the 1st quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock valued at $118,165,000 after purchasing an additional 819,326 shares during the period. Fiera Capital Corp raised its holdings in shares of JFrog by 37.5% in the 4th quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock valued at $140,750,000 after purchasing an additional 614,383 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of JFrog by 78.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company’s stock worth $92,214,000 after purchasing an additional 861,835 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FROG has been the subject of several analyst reports. TD Cowen reissued a “buy” rating and issued a $120.00 price objective on shares of JFrog in a research note on Thursday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of JFrog in a research note on Thursday, September 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research note on Friday, July 17th. Piper Sandler lifted their price objective on shares of JFrog from $65.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Barclays reissued an “overweight” rating and issued a $110.00 price objective on shares of JFrog in a research report on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.48.
View Our Latest Stock Analysis on FROG
JFrog Company Profile
JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.
The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.
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