JFrog Ltd. (NASDAQ:FROG) CFO Sells $75,320.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the sale, the chief financial officer now directly owns 93,597 shares in the company, valued at $3,275,895. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40.
• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The shares were sold at an average price of $30.51, for a total value of $10,586.97.

JFrog Trading Down 1.7 %

NASDAQ:FROG opened at $34.76 on Friday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a market cap of $3.54 billion, a P/E ratio of -65.58 and a beta of 0.95. The company’s 50-day moving average price is $31.65 and its 200-day moving average price is $30.82.

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

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog in the third quarter valued at about $29,000. West Tower Group LLC acquired a new position in JFrog in the third quarter valued at approximately $116,000. KBC Group NV grew its position in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the period. Sanctuary Advisors LLC acquired a new stake in JFrog during the second quarter worth $188,000. Finally, SG Americas Securities LLC purchased a new stake in JFrog in the fourth quarter valued at $193,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on FROG. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. 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 research note on Friday, November 8th. UBS Group boosted their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, TD Cowen upped their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.