JFrog Ltd. (NASDAQ:FROG) CTO Sells $711,200.00 in Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.56, for a total value of $711,200.00. Following the sale, the chief technology officer now directly owns 6,456,901 shares in the company, valued at $229,607,399.56. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The shares were sold at an average price of $37.43, for a total value of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The stock was sold at an average price of $37.00, for a total value of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The stock was sold at an average price of $36.15, for a total value of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total value of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total value 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 Price Performance

NASDAQ FROG traded up $1.16 during trading hours on Friday, reaching $33.63. 321,437 shares of the company's stock traded hands, compared to its average volume of 1,130,102. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65. The firm has a market cap of $3.43 billion, a PE ratio of -53.34 and a beta of 0.95. The firm has a 50-day simple moving average of $35.17 and a 200 day simple moving average of $31.61.

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

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in FROG. US Bancorp DE lifted its holdings in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after purchasing an additional 512 shares in the last quarter. Snowden Capital Advisors LLC grew its position in JFrog by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after acquiring an additional 564 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 574 shares during the period. Van ECK Associates Corp lifted its stake in JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock valued at $1,093,000 after buying an additional 577 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

FROG has been the topic of a number of recent research reports. Barclays lifted their target price on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Morgan Stanley lifted their target price on shares of JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Stifel Nicolaus boosted 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. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Three research 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

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.