Yoav Landman Sells 50,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 50,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $43.26, for a total value of $2,163,000.00. Following the completion of the transaction, the chief technology officer now owns 6,371,086 shares in the company, valued at $275,613,180.36. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, April 10th, Yoav Landman sold 20,000 shares of JFrog stock. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00.

JFrog Trading Down 0.5%

NASDAQ:FROG traded down $0.22 during trading hours on Tuesday, reaching $42.22. The company had a trading volume of 1,410,387 shares, compared to its average volume of 1,134,910. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -67.02 and a beta of 1.07. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.10. The firm's 50 day moving average price is $36.63 and its 200-day moving average price is $34.61.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $117.44 million. During the same period in the previous year, the company posted $0.16 EPS. The firm's revenue was up 22.0% on a year-over-year basis. On average, analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of analyst reports. Scotiabank decreased their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley boosted their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus lifted their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has an average rating of "Moderate Buy" and a consensus price target of $41.44.

Institutional Trading of JFrog

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. Signaturefd LLC grew its position in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of JFrog during the 1st quarter valued at about $104,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of JFrog by 26.3% in the 1st 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 during the period. 85.02% of the stock is currently 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.