JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,889 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,889 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.15, for a total transaction of $574,387.35. Following the transaction, the chief technology officer now owns 6,547,242 shares in the company, valued at approximately $236,682,798.30. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total value of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $31.55, for a total value of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Price Performance

JFrog stock opened at $36.04 on Friday. The stock’s 50 day moving average price is $31.97 and its 200 day moving average price is $30.72. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. During the same period in the previous year, the company earned ($0.10) earnings per share. As a group, research analysts predict that JFrog Ltd. will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

FROG has been the subject of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $40.00 price target on shares of JFrog in a report on Monday, October 14th. Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price on shares of JFrog in a report on Tuesday, October 29th. Needham & Company LLC raised their target price on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.89.

Hedge Funds Weigh In On JFrog

Institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its position 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. raised its position in shares of JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares in the last quarter. North Peak Capital Management LLC acquired a new stake in shares of JFrog during the 3rd quarter valued at approximately $73,417,000. Finally, Atom Investors LP raised its position in shares of 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. 85.02% of the stock is owned by institutional investors and hedge funds.

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.