JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 20,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the transaction, the chief technology officer now owns 6,436,901 shares in the company, valued at approximately $196,003,635.45. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, March 6th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $35.56, for a total value of $711,200.00.
• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The shares were sold at an average price of $37.00, for a total transaction of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The shares were sold at an average price of $36.15, for a total value of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total value of $148,283.77.

JFrog Price Performance

Shares of NASDAQ:FROG traded down $0.72 during midday trading on Friday, hitting $31.08. The company had a trading volume of 613,588 shares, compared to its average volume of 1,149,331. The business's 50-day simple moving average is $34.12 and its 200-day simple moving average is $32.34. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -49.33 and a beta of 0.98. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FROG shares. Truist Financial increased their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Raymond James initiated coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective on the stock. DA Davidson reduced their target price on shares of JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays upped their price target on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus boosted their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating 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 stock presently has an average rating of "Moderate Buy" and an average price target of $40.71.

Institutional Investors Weigh In On JFrog

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in JFrog in the 4th quarter valued at approximately $32,878,000. Raymond James Financial Inc. purchased a new stake in shares of JFrog in the 4th quarter valued at $30,554,000. Mackenzie Financial Corp boosted its holdings in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after acquiring an additional 965,912 shares during the period. Champlain Investment Partners LLC grew its position in JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in JFrog during the fourth quarter worth about $21,322,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.