JFrog Ltd. (NASDAQ:FROG) CTO Sells $711,200.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.56, for a total transaction of $711,200.00. Following the transaction, the chief technology officer now directly owns 6,456,901 shares of the company’s stock, valued at $229,607,399.56. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The stock was sold at an average price of $37.00, for a total value 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 value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The stock was sold at an average price of $36.15, for a total value 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 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 transaction 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 transaction of $453,900.00.

JFrog Stock Performance

FROG opened at $33.46 on Thursday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The firm has a market cap of $3.41 billion, a PE ratio of -53.11 and a beta of 0.95. The firm’s fifty day moving average is $35.14 and its two-hundred day moving average is $31.60.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share 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 business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. Equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FROG shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Truist Financial raised 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. Finally, KeyCorp reissued an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.06.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of the business. North Peak Capital Management LLC bought a new position in JFrog in the third quarter valued at approximately $73,417,000. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the period. Norges Bank bought a new stake in JFrog in the 4th quarter valued at $32,878,000. Massachusetts Financial Services Co. MA bought a new stake in JFrog in the 3rd quarter valued at $32,401,000. Finally, Raymond James Financial Inc. acquired a new position in JFrog in the 4th quarter worth $30,554,000. 85.02% of the stock is currently 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.