Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 30,000 Shares of 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 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 transaction, the chief technology officer directly owned 6,271,086 shares in the company, valued at $275,676,940.56. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 7th, Yoav Landman sold 20,000 shares of JFrog stock. The stock was 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 stock was sold at an average price of $43.26, for a total transaction of $2,163,000.00.

JFrog Stock Down 3.3%

Shares of FROG traded down $1.43 during midday trading on Monday, reaching $42.19. 2,035,150 shares of the stock were exchanged, compared to its average volume of 1,089,356. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -54.79 and a beta of 1.06. The firm has a 50 day simple moving average of $42.13 and a 200-day simple moving average of $37.91. JFrog Ltd. has a 12-month low of $25.47 and a 12-month high of $46.64.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.66% and a negative net margin of 18.18%. The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter last year, the firm earned $0.15 EPS. JFrog's revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FROG has been the topic of a number of research reports. KeyCorp raised their price target on JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday. Raymond James Financial set a $55.00 target price on shares of JFrog and gave the stock an "outperform" rating in a report on Friday. Cantor Fitzgerald upped their price target on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday. Stifel Nicolaus increased their target price on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Friday. Finally, 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 report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FROG. BNP Paribas Financial Markets acquired a new stake in shares of JFrog in the 4th quarter valued at $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock worth $5,457,000 after buying an additional 30,035 shares during the last quarter. IVC Wealth Advisors LLC bought a new stake in JFrog during the 1st quarter valued at $220,000. Bank of Montreal Can bought a new position in shares of JFrog in the fourth quarter worth $405,000. Finally, Malaga Cove Capital LLC bought a new position in shares of JFrog during the first quarter valued at about $413,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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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