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 that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $75,320.00. Following the completion of the transaction, the chief financial officer now owns 93,597 shares in the company, valued at $3,275,895. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

JFrog Stock Up 0.2 %

NASDAQ FROG opened at $35.36 on Friday. The stock has a market cap of $3.60 billion, a P/E ratio of -66.72 and a beta of 0.95. The company’s 50-day simple moving average is $31.58 and its 200 day simple moving average is $30.79. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

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

Institutional Trading of JFrog

Large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after buying an additional 210,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing 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 third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after purchasing an additional 514,895 shares in the last quarter. North Peak Capital Management LLC acquired a new position in shares of JFrog during the third quarter worth approximately $73,417,000. Finally, Atom Investors LP lifted its position in shares of JFrog by 57.0% during the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after purchasing an additional 24,120 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FROG shares. TD Cowen increased their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. 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 increased their target price on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank increased their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.89.

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.