JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,000 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 13th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $28.00, for a total value of $420,000.00.
• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $25.68, for a total value of $385,200.00.

JFrog Stock Up 0.4 %

Shares of NASDAQ FROG opened at $31.60 on Wednesday. The business’s 50 day moving average price is $27.99 and its two-hundred day moving average price is $33.57. The company has a market cap of $3.22 billion, a PE ratio of -67.23 and a beta of 0.94. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly 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). The business had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. 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

A number of institutional investors have recently bought and sold shares of FROG. 1832 Asset Management L.P. increased its position in JFrog by 285.1% during the first 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 last quarter. Meitav Investment House Ltd. grew its position in shares of JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares during the last quarter. American Century Companies Inc. grew its position in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after purchasing an additional 841,956 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of JFrog in the first quarter valued at approximately $35,520,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of JFrog in the second quarter valued at approximately $30,098,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Oppenheimer cut JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Wednesday, September 11th. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a research note on Monday. Finally, Truist Financial lowered their target price on JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.28.

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.