JFrog Ltd. (NASDAQ:FROG) CTO Sells $370,234.26 in Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 8,734 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $42.39, for a total transaction of $370,234.26. Following the transaction, the chief technology officer owned 6,321,086 shares of the company's stock, valued at $267,950,835.54. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, July 3rd, Yoav Landman sold 41,266 shares of JFrog stock. The shares were sold at an average price of $42.19, for a total transaction of $1,741,012.54.
• On Thursday, June 5th, Yoav Landman sold 50,000 shares of JFrog stock. The shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00.
• On Thursday, April 10th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00.

JFrog Stock Down 1.2%

Shares of JFrog stock traded down $0.51 during mid-day trading on Tuesday, hitting $41.81. The stock had a trading volume of 750,224 shares, compared to its average volume of 1,118,960. The firm has a 50-day moving average of $41.12 and a two-hundred day moving average of $36.17. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $45.10. The firm has a market cap of $4.79 billion, a P/E ratio of -58.89 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same period in the prior year, the business posted $0.16 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. Sell-side analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on FROG shares. Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Scotiabank decreased their price objective 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. DA Davidson upped their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Barclays decreased their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.06.

Hedge Funds Weigh In On JFrog

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in JFrog during the 1st quarter worth approximately $104,000. Finally, Smartleaf Asset Management LLC lifted its holdings in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after buying an additional 800 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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