JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 6,672 Shares

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 6,672 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the completion of the sale, the chief financial officer now owns 166,236 shares of the company’s stock, valued at approximately $6,075,925.80. This represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eduard Grabscheid also recently made the following trade(s):

• On Friday, February 14th, Eduard Grabscheid sold 11,942 shares of JFrog stock. The shares were sold at an average price of $42.99, for a total value of $513,386.58.
• On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The stock was sold at an average price of $35.00, for a total value of $75,320.00.

JFrog Trading Up 2.7 %

Shares of NASDAQ:FROG opened at $36.81 on Thursday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -58.43 and a beta of 0.95. The company has a 50-day moving average price of $34.72 and a 200-day moving average price of $31.35. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock worth $259,882,000 after buying an additional 349,532 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after purchasing an additional 365,376 shares in the last quarter. North Peak Capital Management LLC bought a new position in shares of JFrog during the third quarter valued at approximately $73,417,000. Champlain Investment Partners LLC increased its stake in shares of JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after purchasing an additional 797,949 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after purchasing an additional 593,478 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FROG. Stifel Nicolaus lifted their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Barclays boosted their price target on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley boosted their price target on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, KeyCorp restated an “overweight” rating and set a $46.00 price target (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.