JFrog Ltd. (NASDAQ:FROG) CTO Sells $148,283.77 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 4,111 shares of JFrog stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.07, for a total value of $148,283.77. Following 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 trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was 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 shares were sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Stock Performance

Shares of JFrog stock traded up $0.06 during trading hours on Thursday, reaching $35.36. 768,559 shares of the company were exchanged, compared to its average volume of 926,577. The firm has a market cap of $3.60 billion, a PE ratio of -66.72 and a beta of 0.95. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The stock’s fifty day moving average is $31.58 and its 200 day moving average is $30.79.

JFrog (NASDAQ:FROG) last released 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). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The firm had revenue of $109.06 million for the quarter, compared to analysts’ expectations of $105.54 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Research analysts expect that JFrog Ltd. will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On JFrog

Institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after acquiring an additional 159,483 shares in the last quarter. Principal Financial Group Inc. lifted its stake in 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 during the last quarter. North Peak Capital Management LLC acquired a new position in JFrog in the third quarter valued at approximately $73,417,000. Finally, Atom Investors LP increased its stake in JFrog by 57.0% in the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after purchasing an additional 24,120 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. Finally, Barclays decreased their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.