JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 50,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $43.26, for a total value of $2,163,000.00. Following the transaction, the chief technology officer now directly owns 6,371,086 shares in the company, valued at $275,613,180.36. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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 Up 0.1%
Shares of JFrog stock traded up $0.06 during trading on Thursday, reaching $42.02. The company's stock had a trading volume of 955,950 shares, compared to its average volume of 1,134,078. The company has a 50-day moving average price of $37.11 and a two-hundred day moving average price of $34.71. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10. The firm has a market cap of $4.81 billion, a PE ratio of -66.70 and a beta of 1.07.
JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. On average, analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.
Hedge Funds Weigh In On JFrog
A number of hedge funds and other institutional investors have recently made changes to their positions in FROG. Siren L.L.C. raised its stake in JFrog by 9.6% during the 1st quarter. Siren L.L.C. now owns 131,616 shares of the company's stock valued at $4,212,000 after acquiring an additional 11,500 shares during the last quarter. Diker Management LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $480,000. Acadian Asset Management LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $162,000. Bayforest Capital Ltd purchased a new stake in shares of JFrog during the first quarter worth approximately $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of JFrog by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 205,745 shares of the company's stock worth $6,584,000 after purchasing an additional 20,193 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.
Wall Street Analysts Forecast Growth
FROG has been the subject of a number of research analyst reports. Needham & Company LLC raised their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Scotiabank dropped their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus increased their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Raymond James assumed coverage on JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 target price for the company. Finally, KeyCorp restated an "overweight" rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Three equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.44.
Check Out Our Latest Stock Report on FROG
About JFrog
(
Get Free Report)
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.
See Also
Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
While JFrog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
