JFrog Ltd. (NASDAQ:FROG) CFO Sells $75,320.00 in Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CFO Eduard Grabscheid sold 2,152 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $75,320.00. Following the completion of the transaction, the chief financial officer now directly owns 93,597 shares of the company's stock, valued at $3,275,895. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40.
• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The shares were sold at an average price of $30.51, for a total value of $10,586.97.

JFrog Trading Down 1.3 %

NASDAQ FROG traded down $0.47 during trading hours on Wednesday, hitting $35.30. 644,676 shares of the company's stock were exchanged, compared to its average volume of 935,354. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -66.60 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 has a 50-day simple moving average of $31.49 and a 200 day simple moving average of $30.76.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $109.06 million for the quarter, compared to the consensus estimate of $105.54 million. During the same period in the previous year, the firm earned ($0.10) EPS. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of JFrog

A number of institutional investors and hedge funds have recently modified their holdings of the business. North Peak Capital Management LLC purchased a new stake in JFrog during the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC increased its position in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in JFrog during the 3rd quarter valued at $32,401,000. Thrivent Financial for Lutherans increased its position in JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock valued at $68,969,000 after purchasing an additional 593,478 shares during the period. Finally, Principal Financial Group Inc. raised its stake in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after buying an additional 514,895 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

Analyst Ratings Changes

FROG has been the topic of a number of recent analyst reports. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Needham & Company LLC lifted their price objective on JFrog from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Scotiabank increased their target price on JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. UBS Group lifted their price objective on JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Barclays reduced their price objective on shares of JFrog from $40.00 to $38.00 and set an "overweight" rating on the stock in a report 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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