Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 500,000 Shares of Stock

In a single transaction, 500,000 shares were sold on May 12th. The shares were sold for an average price $22.54, resulting in a value of $11,270,000.00. After the transaction, the director owns directly 4,248,164 company shares, worth $95,753,616.56. The SEC website
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Jeff Horing made the following recent trades:

Jeff Horing has sold 500,000 JFrog shares on Monday, 15th May. The stock was bought at an average of $22.71, resulting in a value of $11,355,000.00.

The stock fell $0.55 to $22.36 on Tuesday. 764,761 of the stock of the company changed hands, as opposed to its normal volume of 820.986. Stock has a simple 50-day moving average of $19.95, and a simple 200-day moving average is $21.84. The company has a $2.28 billion market cap, a PE of -24.30, and a beta value of 0.46. JFrog Ltd.'s low for the past 12 months is $16.94, and its high for that same period is $27.96.

JFrog: Institutional investors weigh in

Recently, large investors have changed their positions within the company. Freemont Management S.A. purchased a stake in JFrog worth $43,000 in the fourth quarter. FNY Investment Advisers LLC grew its holdings of JFrog shares by 363.6% during the fourth quarter. FNY Investment Advisers LLC owns 2,550 of the company stock, worth $54,000. This is after buying an additional 2,000 during the last quarter. US Bancorp DE increased the number of shares it held in JFrog during the first quarter by 2,303.3%. US Bancorp DE owns 2,211 of the company’s shares worth $60,000, after buying an additional 2,119 during the last quarter. Quarry LP purchased a stake in JFrog worth approximately $64,000 in the first quarter. Signaturefd LLC also increased its stake in JFrog shares by 175.4% during the fourth quarter. Signaturefd LLC owns 3,889 of the company stock, worth $83,000. This is after buying an additional 2,477 during the last quarter. Institutional investors own 53.34%.

Analysts set new price targets

Several analysts have recently commented on FROG's shares. Oppenheimer reduced their target price for JFrog in a Monday, April 17th report from $30.00 down to $26.00. They also set an "outperform" rating. DA Davidson began covering JFrog on May 9th in a report. They gave the stock a buy' rating with a target price of $25.00. Canaccord Genuity Group reduced their target price for JFrog to $27.00 from $30.00 in a report published on Thursday, 9th February. They also gave the stock a "buy" rating. JPMorgan Chase & Co. increased their target price for JFrog to $29.00 in a report published on Monday, Feb. 6th. The stock was also given an 'overweight rating'. Needham & Company LLC reduced their target price for JFrog in a report published on Thursday, 5th May from $28.00 down to $25.00. Nine investment analysts have given the stock a buy or a hold recommendation. MarketBeat data shows that the average rating for the stock is 'Moderate' Buy with a consensus target price of $27.55.

JFrog

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JFrog Ltd. offers DevOps platforms in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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