JFrog Ltd. (NASDAQ:FROG) CTO Sells $79,380.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 2,250 shares of JFrog stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $35.28, for a total transaction of $79,380.00. Following the completion of the transaction, the chief technology officer now directly owns 6,744,892 shares of the company’s stock, valued at approximately $237,959,789.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Yoav Landman also recently made the following trade(s):

• On Friday, June 7th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $32.35, for a total transaction of $485,250.00.
• On Friday, May 10th, Yoav Landman sold 15,100 shares of JFrog stock. The stock was sold at an average price of $33.27, for a total transaction of $502,377.00.
• On Friday, April 12th, Yoav Landman sold 40,000 shares of JFrog stock. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00.

JFrog Stock Down 0.9 %

NASDAQ:FROG opened at $33.66 on Friday. The business’s 50-day moving average price is $36.27 and its 200 day moving average price is $36.85. JFrog Ltd. has a 52-week low of $21.38 and a 52-week high of $48.81. The firm has a market cap of $3.43 billion, a P/E ratio of -71.62 and a beta of 0.93.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. The company had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $98.63 million. Sell-side analysts expect that JFrog Ltd. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FROG shares. Morgan Stanley reduced their price objective on JFrog from $52.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Bank Of America (Bofa) upped their price target on shares of JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. UBS Group initiated coverage on shares of JFrog in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 price objective on the stock. DA Davidson upped their target price on shares of JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Finally, Cantor Fitzgerald lifted their price target on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of JFrog in the 1st quarter worth $26,000. Frazier Financial Advisors LLC purchased a new position in JFrog in the 4th quarter worth about $35,000. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 1st quarter worth about $44,000. Fred Alger Management LLC purchased a new stake in JFrog during the third quarter valued at about $35,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.