Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 4,111 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 4,111 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.07, for a total value of $148,283.77. Following the completion of the sale, the chief technology officer now owns 6,563,131 shares of the company’s stock, valued at approximately $236,732,135.17. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00.

JFrog Trading Up 0.2 %

Shares of NASDAQ:FROG traded up $0.06 during midday trading on Thursday, hitting $35.36. 768,559 shares of the stock were exchanged, compared to its average volume of 926,577. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a 50 day moving average price of $31.58 and a 200-day moving average price of $30.79. The stock has a market cap of $3.60 billion, a P/E ratio of -66.72 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released 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 quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities research analysts expect that JFrog Ltd. will post -0.32 earnings per share for the current year.

Institutional Trading of JFrog

A number of large investors have recently made changes to their positions in the stock. abrdn plc lifted its holdings in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after purchasing an additional 30,392 shares in the last quarter. Washington Capital Management Inc. grew its stake in JFrog by 44.8% in the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock worth $618,000 after acquiring an additional 6,500 shares during the period. KBC Group NV raised its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after acquiring an additional 1,105 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of JFrog by 10.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company’s stock worth $2,655,000 after purchasing an additional 8,426 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in JFrog in the 4th quarter worth about $193,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upped their target price on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Barclays decreased their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. 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 analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.