Tali Notman Sells 23,157 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CRO Tali Notman sold 23,157 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the transaction, the executive now directly owns 686,360 shares in the company, valued at $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

JFrog Trading Down 3.2%

Shares of JFrog stock traded down $1.34 on Friday, reaching $40.68. The stock had a trading volume of 1,139,710 shares, compared to its average volume of 1,135,499. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $45.10. The company has a market cap of $4.66 billion, a P/E ratio of -64.57 and a beta of 1.07. The business's 50 day moving average is $37.38 and its two-hundred day moving average is $34.78.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FROG. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. Raymond James assumed coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target on the stock. Barclays dropped their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock 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 report on Friday, February 14th. Finally, Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three investment 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $41.44.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares in the last quarter. Signaturefd LLC raised its stake in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in JFrog in the first quarter valued at approximately $104,000. Finally, Smartleaf Asset Management LLC raised its stake in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after purchasing an additional 800 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Company Profile

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.