Key Points
- JFrog director Frederic Simon sold 67,500 shares on Dec. 1 at an average price of $60.08 for about $4.06 million and still holds 3,753,286 shares, a 1.77% reduction in his stake.
- This sale continues a recent pattern of insider selling — Simon has disposed of over 300,000 shares since September (including 100,000 on Nov. 7 and 80,000 on Nov. 25).
- JFrog recently beat Q3 estimates (EPS $0.22 vs. $0.16) and set FY25 guidance, leading analysts to raise targets and a consensus price target of $62.69 with a "Moderate Buy" rating.
JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Frederic Simon sold 67,500 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $60.08, for a total value of $4,055,400.00. Following the sale, the director owned 3,753,286 shares in the company, valued at $225,497,422.88. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Frederic Simon also recently made the following trade(s):
- On Tuesday, November 25th, Frederic Simon sold 80,000 shares of JFrog stock. The shares were sold at an average price of $61.76, for a total value of $4,940,800.00.
- 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 transaction of $1,750,350.00.
JFrog Price Performance
Shares of FROG stock opened at $59.72 on Tuesday. The firm's 50-day simple moving average is $52.33 and its 200-day simple moving average is $46.94. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $65.50. The firm has a market cap of $7.07 billion, a P/E ratio of -85.31 and a beta of 1.10.
JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. JFrog's revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
FROG has been the topic of several research reports. Truist Financial reaffirmed a "buy" rating and issued a $70.00 target price (up from $55.00) on shares of JFrog in a research report on Friday, November 7th. Canaccord Genuity Group raised their price objective on JFrog from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, November 7th. Barclays lifted their price objective on JFrog from $57.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, November 7th. DA Davidson raised shares of JFrog to a "strong-buy" rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus raised their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. One equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.69.
Get Our Latest Stock Report on FROG
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the period. Aster Capital Management DIFC Ltd bought a new position in JFrog during the 3rd quarter valued at $56,000. Wilmington Savings Fund Society FSB grew its holdings in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company's stock worth $60,000 after acquiring an additional 1,152 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of JFrog in the 3rd quarter worth about $103,000. Finally, Bayforest Capital Ltd bought a new stake in shares of JFrog in the 1st quarter worth about $104,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
JFrog Company Profile
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Get Free Report)
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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