JFrog Ltd. (NASDAQ:FROG) CRO Sells $314,464.26 in Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 11,621 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the transaction, the executive now owns 547,413 shares of the company’s stock, valued at approximately $14,812,995.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 1st, Tali Notman sold 30,000 shares of JFrog stock. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00.
• On Monday, July 1st, Tali Notman sold 5,882 shares of JFrog stock. The shares were sold at an average price of $37.51, for a total transaction of $220,633.82.
• On Thursday, June 13th, Tali Notman sold 34,748 shares of JFrog stock. The stock was sold at an average price of $33.96, for a total value of $1,180,042.08.

JFrog Stock Down 5.1 %

Shares of NASDAQ FROG opened at $26.34 on Wednesday. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81. The company has a market cap of $2.68 billion, a PE ratio of -56.04 and a beta of 0.96. The business’s 50 day moving average price is $32.92 and its two-hundred day moving average price is $36.70.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The business had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

Several large investors have recently modified their holdings of FROG. 1832 Asset Management L.P. boosted its holdings in shares of JFrog by 285.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock worth $62,885,000 after buying an additional 1,052,800 shares during the period. Meitav Investment House Ltd. grew its holdings in JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after buying an additional 856,451 shares in the last quarter. American Century Companies Inc. increased its position in JFrog by 172.5% during the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after buying an additional 841,956 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of JFrog during the first quarter worth $35,520,000. Finally, Ensign Peak Advisors Inc bought a new stake in shares of JFrog in the second quarter valued at about $30,098,000. 85.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FROG has been the subject of several recent analyst reports. Piper Sandler lowered their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. TD Cowen lowered their target price on JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Scotiabank cut their price target on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of JFrog in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus dropped their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

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.