Insider Selling: JFrog Ltd. (NASDAQ:FROG) CFO Sells 11,942 Shares of Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CFO Eduard Grabscheid sold 11,942 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the completion of the transaction, the chief financial officer now owns 172,406 shares of the company's stock, valued at $7,411,733.94. This represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00.
• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40.

JFrog Price Performance

JFrog stock traded down $0.67 during mid-day trading on Friday, reaching $38.53. The company had a trading volume of 2,015,751 shares, compared to its average volume of 1,364,582. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $46.65. The company has a market capitalization of $3.93 billion, a P/E ratio of -61.16 and a beta of 0.97. The stock's 50-day simple moving average is $33.73 and its 200-day simple moving average is $30.83.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. On average, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in shares of JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after purchasing an additional 564 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock worth $1,093,000 after purchasing an additional 577 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FROG shares. Robert W. Baird upped their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Truist Financial increased their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC increased their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.17.

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.