Insider Selling: JFrog Ltd. (NASDAQ:FROG) CRO Sells 75,635 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the sale, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tali Notman also recently made the following trade(s):

• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total value of $334,844.73.
• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total value of $352,787.40.

JFrog Stock Up 0.2 %

Shares of JFrog stock opened at $35.36 on Friday. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -66.72 and a beta of 0.95. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The company’s 50-day simple moving average is $31.58 and its 200-day simple moving average is $30.79.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Equities research analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

Institutional Investors Weigh In On JFrog

Institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in JFrog by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after buying an additional 159,483 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares during the period. North Peak Capital Management LLC purchased a new stake in shares of JFrog during the 3rd quarter worth approximately $73,417,000. Finally, Atom Investors LP grew its holdings in shares of JFrog by 57.0% in the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after acquiring an additional 24,120 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FROG has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen raised their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group boosted their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. 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. According to MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and an average target price of $37.89.

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.