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SUNNYVALE, CA — Simon Frederic, a director at JFrog Ltd (NASDAQ:FROG), recently sold 35,000 ordinary shares of the company, according to a filing with the Securities and Exchange Commission. The shares were sold on March 11, 2025, at a weighted average price of $33.48, totaling approximately $1.17 million. According to InvestingPro data, JFrog currently trades at a market capitalization of $3.67 billion and shows strong financial health with impressive gross profit margins of 77%. The company appears undervalued based on InvestingPro’s Fair Value analysis.
Following this transaction, Frederic retains ownership of 4,374,432 shares in JFrog. The sale was conducted under a Rule 10b5-1 trading plan adopted by Frederic in August 2024, allowing for pre-planned sales of his holdings. InvestingPro analysis reveals 13 analysts have recently revised their earnings upwards, with the company expected to turn profitable this year. Get deeper insights with InvestingPro’s comprehensive research report, available for over 1,400 US stocks.
The transaction was executed in multiple trades at prices ranging from $33.03 to $33.98. Frederic has committed to providing detailed information regarding the number of shares sold at each price upon request.
In other recent news, JFrog reported fourth-quarter results that surpassed analyst expectations, with adjusted earnings per share of $0.19, exceeding the consensus estimate of $0.14. The company’s revenue reached $116.1 million, topping Wall Street’s forecast of $114.25 million, marking a 19% increase year-over-year. JFrog’s cloud revenue surged 37% year-over-year to $49.4 million, representing 43% of total revenue. In a strategic move, JFrog has integrated with NVIDIA (NASDAQ:NVDA)’s NIM microservices to enhance AI model deployment, focusing on security and efficiency. This collaboration aims to streamline AI-powered application deployment for developers. Analyst firms DA Davidson, Needham, and Cantor Fitzgerald have all raised their price targets for JFrog, reflecting optimism about the company’s future performance. DA Davidson increased its target to $50, highlighting JFrog’s strong performance and security adoption as key growth drivers. Needham and Cantor Fitzgerald both lifted their targets to $46, citing JFrog’s robust quarterly results and optimistic financial projections for 2025. These developments underscore JFrog’s momentum in the software development and security markets.
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