JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 400 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 400 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $35.00, for a total value of $14,000.00. Following the sale, the chief technology officer now owns 6,744,492 shares in the company, valued at approximately $236,057,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, June 12th, Yoav Landman sold 2,250 shares of JFrog stock. The shares were sold at an average price of $35.28, for a total value of $79,380.00.
• On Friday, June 7th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $32.35, for a total value 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 transaction of $1,548,000.00.

JFrog Stock Up 2.6 %

Shares of NASDAQ:FROG traded up $0.94 during trading on Thursday, hitting $36.75. The stock had a trading volume of 1,192,913 shares, compared to its average volume of 1,273,872. The firm’s fifty day moving average is $35.30 and its 200 day moving average is $37.14. JFrog Ltd. has a 12 month low of $21.38 and a 12 month 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 for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FROG shares. FBN Securities assumed coverage on shares of JFrog in a research report on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 price target for the company. Cantor Fitzgerald raised their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. UBS Group initiated coverage on JFrog in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of JFrog in a report on Tuesday. Finally, Bank Of America (Bofa) upped their price target on shares of JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Barclays PLC raised its stake in JFrog by 8.3% during the third quarter. Barclays PLC now owns 13,173 shares of the company’s stock valued at $334,000 after buying an additional 1,012 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of JFrog by 185.2% during the third quarter. HighTower Advisors LLC now owns 26,272 shares of the company’s stock valued at $660,000 after acquiring an additional 17,060 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of JFrog by 131.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 124,864 shares of the company’s stock worth $3,167,000 after purchasing an additional 71,009 shares during the last quarter. Stifel Financial Corp boosted its stake in JFrog by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 182,417 shares of the company’s stock worth $4,626,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Algert Global LLC grew its position in JFrog by 546.0% during the 3rd quarter. Algert Global LLC now owns 53,167 shares of the company’s stock valued at $1,348,000 after purchasing an additional 44,937 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.