JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 6,672 Shares

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CFO Eduard Grabscheid sold 6,672 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $243,861.60. Following the completion of the sale, the chief financial officer now directly owns 166,236 shares in the company, valued at approximately $6,075,925.80. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, February 14th, Eduard Grabscheid sold 11,942 shares of JFrog stock. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58.
• 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.

JFrog Stock Performance

Shares of FROG traded down $0.24 during mid-day trading on Friday, hitting $34.47. 828,270 shares of the company were exchanged, compared to its average volume of 1,176,481. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65. The company has a 50 day moving average of $34.89 and a 200-day moving average of $31.45. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -54.71 and a beta of 0.95.

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

Institutional Trading of JFrog

A number of hedge funds have recently bought and sold shares of FROG. Jones Financial Companies Lllp raised its holdings in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the last quarter. West Tower Group LLC purchased a new position in shares of JFrog during the 3rd quarter worth approximately $116,000. KBC Group NV boosted its position in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department purchased a new position in JFrog in the 4th quarter valued at approximately $131,000. Finally, Tower Research Capital LLC TRC boosted its position in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after buying an additional 5,297 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on FROG shares. Needham & Company LLC upped their price target on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley upped their price objective on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.06.

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.