Insider Selling: JFrog (NASDAQ:FROG) Director Sells 1,372 Shares of Stock

Key Points

• Yvonne Wassenaar, a director at JFrog, sold 1,372 shares at an average price of $49.90, reducing her position by 4.28% to a total of 30,679 shares valued at approximately $1.53 million.
• JFrog's stock recently traded at $48.08, showing a 2.3% increase with a market cap of $5.61 billion and a negative price-to-earnings ratio of -62.44.
• Several research analysts have raised their price targets for JFrog, with estimates reaching as high as $58.00, reflecting a consensus rating of "Moderate Buy" among 15 analysts.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $49.90, for a total transaction of $68,462.80. Following the sale, the director directly owned 30,679 shares of the company's stock, valued at $1,530,882.10. This represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Yvonne Wassenaar also recently made the following trade(s):

• On Thursday, August 28th, Yvonne Wassenaar sold 1,368 shares of JFrog stock. The stock was sold at an average price of $49.00, for a total value of $67,032.00.

JFrog Stock Up 2.3%

NASDAQ FROG traded up $1.08 on Thursday, reaching $48.08. The company had a trading volume of 995,141 shares, compared to its average volume of 1,131,496. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $51.94. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of -62.44 and a beta of 1.05. The stock's 50 day moving average is $46.51 and its 200-day moving average is $40.89.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The company's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FROG. Alliancebernstein L.P. boosted its holdings in shares of JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after buying an additional 2,047,294 shares during the period. Eminence Capital LP bought a new position in JFrog in the 1st quarter valued at about $43,268,000. Norges Bank acquired a new stake in JFrog during the second quarter worth approximately $50,968,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the period. Finally, Marshall Wace LLP grew its position in shares of JFrog by 4,233.4% in the second quarter. Marshall Wace LLP now owns 980,179 shares of the company's stock valued at $43,010,000 after purchasing an additional 957,560 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FROG shares. Raymond James Financial increased their price target on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of JFrog in a research note on Wednesday, September 10th. Cowen reaffirmed a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Robert W. Baird upped their price target on shares of JFrog from $52.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Finally, KeyCorp increased their price objective on shares of JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $50.25.

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.

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.