Insider Selling: JFrog Ltd. (NASDAQ:FROG) CRO Sells 34,748 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 34,748 shares of JFrog stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $33.96, for a total transaction of $1,180,042.08. Following the sale, the executive now directly owns 559,034 shares in the company, valued at $18,984,794.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Tali Notman also recently made the following trade(s):

• On Friday, April 5th, Tali Notman sold 6,000 shares of JFrog stock. The shares were sold at an average price of $42.60, for a total transaction of $255,600.00.

JFrog Trading Down 0.9 %

FROG stock opened at $33.66 on Monday. The firm has a market cap of $3.43 billion, a PE ratio of -71.62 and a beta of 0.93. The stock has a 50-day moving average price of $36.27 and a 200-day moving average price of $36.92. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. On average, analysts forecast that JFrog Ltd. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On JFrog

A number of large investors have recently bought and sold shares of FROG. Washington Harbour Partners LP boosted its position in shares of JFrog by 3.1% during the 1st quarter. Washington Harbour Partners LP now owns 101,267 shares of the company’s stock worth $4,478,000 after purchasing an additional 3,000 shares in the last quarter. Castleark Management LLC bought a new position in JFrog in the first quarter worth approximately $4,979,000. Tidal Investments LLC acquired a new stake in JFrog in the first quarter valued at approximately $3,251,000. California State Teachers Retirement System raised its position in shares of JFrog by 9.0% during the first quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock worth $3,342,000 after purchasing an additional 6,272 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of JFrog by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock worth $1,892,000 after purchasing an additional 10,142 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FROG. UBS Group assumed coverage on JFrog in a report on Wednesday, May 22nd. They set a “buy” rating and a $41.00 price objective on the stock. Truist Financial lifted their price target on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. KeyCorp lowered their price objective on JFrog from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. FBN Securities started coverage on shares of JFrog in a research report on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 target price on the stock. Finally, Cantor Fitzgerald upped their price target on shares of JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.50.

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.