JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 249,300 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the transaction, the chief technology officer owned 5,199,038 shares in the company, valued at approximately $523,647,107.36. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Thursday, August 13th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $90.86, for a total transaction of $4,088,700.00.
- On Friday, July 17th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $87.23, for a total transaction of $3,925,350.00.
- On Tuesday, July 7th, Yoav Landman sold 700 shares of JFrog stock. The stock was sold at an average price of $99.00, for a total value of $69,300.00.
- On Monday, June 29th, Yoav Landman sold 150,000 shares of JFrog stock. The stock was sold at an average price of $89.99, for a total value of $13,498,500.00.
JFrog Price Performance
NASDAQ FROG opened at $100.07 on Tuesday. JFrog Ltd. has a 1 year low of $34.05 and a 1 year high of $105.76. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of -270.45 and a beta of 1.22. The company has a fifty day moving average price of $88.49 and a 200-day moving average price of $67.47.
Analysts Set New Price Targets
A number of research firms have recently commented on FROG. Needham & Company LLC lifted their target price on JFrog from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. BTIG Research increased their price target on shares of JFrog from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Morgan Stanley set a $100.00 price target on shares of JFrog in a research report on Friday, August 7th. Guggenheim raised their price objective on shares of JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of JFrog in a research report on Monday, June 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.36.
Read Our Latest Stock Analysis on FROG
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in JFrog by 9,666.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock worth $985,121,000 after acquiring an additional 10,728,811 shares during the last quarter. Vanguard Group Inc. lifted its holdings in JFrog by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after purchasing an additional 362,654 shares during the last quarter. Whale Rock Capital Management LLC boosted its position in JFrog by 82.2% during the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock worth $330,901,000 after purchasing an additional 2,389,415 shares during the period. Wasatch Advisors LP boosted its position in JFrog by 187.4% during the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after purchasing an additional 2,710,167 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after purchasing an additional 3,358,422 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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