JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman Sells 16,548 Shares

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 16,548 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $604,829.40. Following the transaction, the executive now owns 744,903 shares in the company, valued at approximately $27,226,204.65. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tali Notman also recently made the following trade(s):

• On Monday, January 27th, Tali Notman sold 75,635 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00.
• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total transaction of $334,844.73.

JFrog Price Performance

Shares of FROG stock opened at $36.81 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of -58.43 and a beta of 0.95. The stock’s 50 day simple moving average is $34.72 and its two-hundred day simple moving average is $31.35. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $46.65.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. Equities research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On JFrog

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV grew its stake in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. West Tower Group LLC purchased a new stake in shares of JFrog in the third quarter worth approximately $116,000. BankPlus Trust Department bought a new stake in shares of JFrog during the 4th quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares during the period. 85.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FROG shares. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. UBS Group lifted their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank increased their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

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.