JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 24,652 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 24,652 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the transaction, the chief technology officer now owns 6,526,901 shares in the company, valued at approximately $244,301,904.43. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The shares were sold at an average price of $37.00, for a total transaction of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.19, for a total transaction of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00.
• 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 Price Performance

Shares of JFrog stock opened at $39.80 on Friday. The firm has a fifty day moving average price of $32.79 and a 200 day moving average price of $30.66. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The stock has a market cap of $4.05 billion, a PE ratio of -75.09 and a beta of 0.97.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. As a group, equities analysts expect that JFrog Ltd. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of analyst reports. Robert W. Baird increased their target price 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. KeyCorp reissued an “overweight” rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a research report on Friday. Canaccord Genuity Group increased their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank increased their target price on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, TD Cowen increased their target price on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.17.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. North Peak Capital Management LLC acquired a new stake in JFrog during the third quarter valued at $73,417,000. TimesSquare Capital Management LLC grew its position in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares during the period. Norges Bank acquired a new stake in JFrog during the fourth quarter valued at $32,878,000. Massachusetts Financial Services Co. MA acquired a new stake in JFrog during the third quarter valued at $32,401,000. Finally, Raymond James Financial Inc. acquired a new stake in JFrog during the fourth quarter valued at $30,554,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.