JFrog Ltd. (NASDAQ:FROG - Get Free Report) CRO Tali Notman sold 23,157 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the sale, the executive now directly owns 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
JFrog Price Performance
Shares of FROG stock traded down $0.26 during midday trading on Wednesday, hitting $41.96. The company had a trading volume of 764,193 shares, compared to its average volume of 1,134,790. The company's 50 day simple moving average is $36.86 and its 200 day simple moving average is $34.66. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -66.60 and a beta of 1.07.
JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period last year, the business posted $0.16 EPS. The company's revenue was up 22.0% on a year-over-year basis. Analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of JFrog by 32.4% in the 1st 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 during the last quarter. California State Teachers Retirement System boosted its stake in shares of JFrog by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock valued at $2,379,000 after buying an additional 439 shares in the last quarter. US Bancorp DE boosted its stake in shares of JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of JFrog by 10.2% in the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after buying an additional 548 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its stake in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after buying an additional 564 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Scotiabank reduced their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price target on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC raised their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned 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.
Get Our Latest Research Report on FROG
JFrog Company Profile
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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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