JFrog Ltd. (NASDAQ:FROG - Get Free Report) CFO Eduard Grabscheid sold 13,043 shares of JFrog stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total value of $586,935.00. Following the sale, the chief financial officer now owns 159,887 shares in the company, valued at $7,194,915. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
JFrog Stock Down 1.0%
FROG stock traded down $0.43 during mid-day trading on Friday, hitting $42.75. The company had a trading volume of 1,026,727 shares, compared to its average volume of 1,133,161. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of -67.86 and a beta of 1.07. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $45.10. The company has a 50-day moving average price of $36.24 and a 200 day moving average price of $34.40.
JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have commented on FROG. Scotiabank dropped their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley increased their target price on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. KeyCorp reaffirmed an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Truist Financial lifted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, DA Davidson increased their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.44.
Read Our Latest Stock Analysis on JFrog
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp grew its stake in 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 buying an additional 574 shares during the last quarter. Signaturefd LLC raised its position in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in JFrog in the 1st quarter valued at $104,000. Finally, Smartleaf Asset Management LLC raised its position in shares of JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.
About JFrog
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
While JFrog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
