Yoav Landman Sells 40,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 40,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the sale, the chief technology officer now owns 6,731,371 shares in the company, valued at $260,504,057.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 15th, Yoav Landman sold 110,000 shares of JFrog stock. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00.

JFrog Stock Up 1.4 %

NASDAQ:FROG opened at $38.03 on Thursday. The company has a market capitalization of $3.87 billion, a PE ratio of -63.38 and a beta of 0.99. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81. The stock has a fifty day simple moving average of $42.33 and a 200-day simple moving average of $33.69.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The firm had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. As a group, equities analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FROG. KeyCorp began coverage on shares of JFrog in a research note on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target on the stock. TheStreet raised JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Scotiabank assumed coverage on JFrog in a report on Thursday, March 7th. They issued a “buy” rating for the company. Oppenheimer upped their price target on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Finally, Morgan Stanley upped their price target on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average target price of $43.46.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FROG. Raymond James & Associates grew its holdings in shares of JFrog by 9.3% during the 1st quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock worth $1,200,000 after purchasing an additional 3,800 shares during the period. US Bancorp DE raised its position in shares of JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after purchasing an additional 2,119 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of JFrog by 74.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock valued at $317,000 after purchasing an additional 5,012 shares in the last quarter. Rhumbline Advisers raised its position in shares of JFrog by 2.4% during the 1st quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock valued at $1,531,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of JFrog during the 1st quarter valued at approximately $10,228,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.