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

Key Points

• CTO Yoav Landman of JFrog Ltd. sold 20,000 shares at an average price of $39.26, totaling $785,200, reducing his holdings to approximately 6.3 million shares.
• JFrog reported a quarterly earnings per share of $0.18, exceeding analyst estimates of $0.16, with revenue up 23.5% year-over-year.
• Shares of JFrog have recently experienced a decline of 3.3%, trading at $42.19, while analysts maintain a positive outlook with a consensus rating of "Moderate Buy".

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $39.26, for a total transaction of $785,200.00. Following the completion of the sale, the chief technology officer directly owned 6,301,086 shares of the company's stock, valued at approximately $247,380,636.36. This represents a 0.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, August 8th, Yoav Landman sold 30,000 shares of JFrog stock. The shares were sold at an average price of $43.96, for a total transaction of $1,318,800.00.
• On Monday, July 7th, Yoav Landman sold 8,734 shares of JFrog stock. The shares were sold at an average price of $42.39, for a total transaction of $370,234.26.
• On Thursday, July 3rd, Yoav Landman sold 41,266 shares of JFrog stock. The stock was 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 stock was sold at an average price of $43.26, for a total transaction of $2,163,000.00.

JFrog Stock Performance

FROG traded up $2.07 on Friday, reaching $44.80. The company had a trading volume of 324,326 shares, compared to its average volume of 1,088,303. The company's fifty day moving average is $42.00 and its 200 day moving average is $38.07. JFrog Ltd. has a fifty-two week low of $25.93 and a fifty-two week high of $46.64. The stock has a market cap of $5.23 billion, a P/E ratio of -58.05 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business's revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on FROG. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 target price (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. KeyCorp boosted their price target on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target (up previously from $46.00) on shares of JFrog in a report on Friday, August 8th. Raymond James Financial boosted their price target on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 329 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog during the 1st quarter worth approximately $104,000. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 800 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of JFrog during the 1st quarter worth approximately $128,000. Institutional investors and hedge funds own 85.02% of the company's stock.

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.