JFrog Ltd. (NASDAQ:FROG) CTO Sells $420,000.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00.
• On Monday, July 15th, Yoav Landman sold 25,000 shares of JFrog stock. The shares were sold at an average price of $37.23, for a total transaction of $930,750.00.
• On Friday, July 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.39, for a total transaction of $545,850.00.
• On Thursday, June 27th, Yoav Landman sold 16,277 shares of JFrog stock. The shares were sold at an average price of $36.66, for a total transaction of $596,714.82.
• On Tuesday, June 25th, Yoav Landman sold 400 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total value of $14,000.00.

JFrog Trading Down 0.1 %

Shares of JFrog stock opened at $28.12 on Wednesday. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81. The firm has a market capitalization of $2.86 billion, a PE ratio of -59.83 and a beta of 0.93. The firm’s 50-day moving average price is $31.26 and its 200 day moving average price is $35.59.

JFrog (NASDAQ:FROG) last released its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, sell-side analysts predict that JFrog Ltd. will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new stake in shares of JFrog during the fourth quarter worth $35,000. Future Financial Wealth Managment LLC acquired a new position in JFrog during the first quarter worth about $44,000. Advisors Asset Management Inc. grew its stake in JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in JFrog in the 1st quarter valued at about $140,000. Finally, Duality Advisers LP acquired a new stake in JFrog in the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FROG. Truist Financial dropped their target price on JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird assumed coverage on shares of JFrog in a report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 target price for the company. Scotiabank decreased their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. TD Cowen dropped their price target on shares of JFrog from $50.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Three investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.28.

About JFrog

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.