JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 45,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $97.27, for a total transaction of $4,377,150.00. Following the completion of the sale, the chief technology officer owned 5,109,038 shares in the company, valued at $496,956,126.26. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Friday, September 4th, Yoav Landman sold 45,000 shares of JFrog stock. The stock was sold at an average price of $89.27, for a total transaction of $4,017,150.00.
- On Thursday, August 27th, Yoav Landman sold 249,300 shares of JFrog stock. The shares were sold at an average price of $100.72, for a total transaction of $25,109,496.00.
- 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 stock was sold at an average price of $87.23, for a total value of $3,925,350.00.
JFrog Trading Down 0.4%
FROG traded down $0.36 on Wednesday, hitting $98.15. 773,694 shares of the stock traded hands, compared to its average volume of 2,768,274. The business has a fifty day moving average price of $90.66 and a two-hundred day moving average price of $76.35. The firm has a market capitalization of $12.10 billion, a PE ratio of -265.26 and a beta of 1.24. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $105.76.
Institutional Trading of JFrog
Several hedge funds have recently modified their holdings of FROG. Millstone Evans Group LLC boosted its holdings in shares of JFrog by 242.6% in the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after acquiring an additional 427 shares in the last quarter. Western Wealth Management LLC acquired a new position in JFrog in the first quarter worth $30,000. Bessemer Group Inc. bought a new stake in shares of JFrog during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of JFrog by 12,566.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock worth $47,000 after purchasing an additional 754 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of JFrog by 83.1% in the second quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $59,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Oppenheimer increased their price objective on shares of JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. DA Davidson reiterated a “buy” rating and set a $115.00 target price on shares of JFrog in a research report on Friday, September 4th. BTIG Research reissued a “buy” rating and issued a $115.00 price target on shares of JFrog in a research report on Friday, September 4th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research note on Friday, July 17th. Finally, Barclays reaffirmed an “overweight” rating and set a $110.00 price objective on shares of JFrog in a report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.48.
Read Our Latest Analysis on JFrog
About JFrog
JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.
The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.
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