Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells $453,900.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, the chief technology officer now owns 6,582,242 shares in the company, valued at $199,178,642.92. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, October 11th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00.

JFrog Price Performance

NASDAQ FROG opened at $30.46 on Thursday. The company has a market cap of $3.10 billion, a P/E ratio of -57.47 and a beta of 0.94. The stock has a 50-day moving average of $30.73 and a two-hundred day moving average of $31.31. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its position in JFrog by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock valued at $2,304,000 after buying an additional 3,507 shares during the period. Sanctuary Advisors LLC raised its stake in shares of JFrog by 99.2% in the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock valued at $321,000 after acquiring an additional 4,967 shares in the last quarter. Ashford Capital Management Inc. boosted its holdings in JFrog by 33.1% in the third quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock valued at $11,078,000 after purchasing an additional 94,840 shares during the period. Geode Capital Management LLC grew its stake in JFrog by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Vestcor Inc increased its holdings in JFrog by 180.0% during the 3rd quarter. Vestcor Inc now owns 70,000 shares of the company’s stock worth $2,033,000 after purchasing an additional 45,000 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Baird R W raised JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Barclays dropped their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Finally, Robert W. Baird lifted their price target on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

JFrog Company Profile

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.