Yoav Landman Sells 30,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

Key Points

• Yoav Landman, CTO of JFrog Ltd., sold 30,000 shares of the company's stock on August 8th for a total of $1,318,800, reducing his position by 0.48%.
• JFrog's stock price has experienced a 3.3% decline, reaching $42.19, with the company currently having a market cap of $4.83 billion.
• The company recently reported quarterly earnings of $0.18 per share, exceeding expectations, with a revenue increase of 23.5% year-over-year.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 30,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $43.96, for a total transaction of $1,318,800.00. Following the completion of the sale, the chief technology officer owned 6,271,086 shares of the company's stock, valued at approximately $275,676,940.56. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, August 7th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $39.26, for a total transaction of $785,200.00.
• On Monday, July 7th, Yoav Landman sold 8,734 shares of JFrog stock. The shares were sold at an average price of $42.39, for a total transaction of $370,234.26.
• On Thursday, July 3rd, Yoav Landman sold 41,266 shares of JFrog stock. The shares were sold at an average price of $42.19, for a total transaction of $1,741,012.54.
• On Thursday, June 5th, Yoav Landman sold 50,000 shares of JFrog stock. The shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00.

JFrog Price Performance

NASDAQ:FROG traded up $2.07 during trading hours on Friday, hitting $44.80. The company had a trading volume of 324,326 shares, compared to its average volume of 1,088,303. The company has a market capitalization of $5.23 billion, a PE ratio of -58.05 and a beta of 1.06. The stock has a 50-day moving average price of $42.00 and a 200 day moving average price of $38.07. JFrog Ltd. has a 52 week low of $25.93 and a 52 week high of $46.64.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald increased their target price on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. DA Davidson increased their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Barclays increased their target price on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.

Institutional Trading of JFrog

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after buying an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after purchasing an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after purchasing an additional 70,204 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

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.