JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,000 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00. Following the completion of the transaction, the chief technology officer now directly owns 6,567,242 shares in the company, valued at $207,196,485.10. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00.

JFrog Stock Down 2.0 %

Shares of FROG opened at $31.30 on Tuesday. The company has a 50-day simple moving average of $30.89 and a 200-day simple moving average of $30.95. The company has a market capitalization of $3.19 billion, a PE ratio of -59.06 and a beta of 0.95. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Hedge Funds Weigh In On JFrog

Large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after purchasing an additional 159,483 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares in the last quarter. North Peak Capital Management LLC purchased a new position in shares of JFrog in the 3rd quarter valued at about $73,417,000. Finally, Atom Investors LP increased its holdings in JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after acquiring an additional 24,120 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FROG. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. Robert W. Baird increased their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price target on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average 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.