Yossi Sela Sells 25,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Yossi Sela sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now directly owns 355,129 shares of the company's stock, valued at $11,314,409.94. The trade was a 6.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

JFrog Price Performance

Shares of NASDAQ:FROG traded up $0.23 during trading on Friday, reaching $31.23. 1,064,685 shares of the company's stock traded hands, compared to its average volume of 1,245,824. The stock has a market capitalization of $3.18 billion, a P/E ratio of -58.94 and a beta of 0.94. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The company has a 50 day moving average of $30.28 and a 200-day moving average of $31.47.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America cut their price objective on shares of JFrog from $54.00 to $44.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Morgan Stanley lowered their price target on JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Needham & Company LLC boosted their target price on shares of JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.72.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the 3rd quarter worth approximately $29,000. West Tower Group LLC bought a new stake in JFrog in the third quarter valued at $116,000. SG Americas Securities LLC acquired a new position in shares of JFrog during the second quarter valued at $187,000. Sanctuary Advisors LLC bought a new position in shares of JFrog during the second quarter worth about $188,000. Finally, US Bancorp DE lifted its position in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock valued at $194,000 after purchasing an additional 798 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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