JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction 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 transaction, the chief technology officer owned 6,301,086 shares in the company, valued at approximately $247,380,636.36. This trade represents a 0.32% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00.
JFrog Stock Down 3.3%
Shares of NASDAQ FROG traded down $1.43 during trading on Monday, hitting $42.19. The company had a trading volume of 2,035,150 shares, compared to its average volume of 1,089,356. The stock has a fifty day simple moving average of $42.13 and a two-hundred day simple moving average of $37.91. JFrog Ltd. has a fifty-two week low of $25.47 and a fifty-two week high of $46.64. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -54.79 and a beta of 1.06.
JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share 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 7.66%. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same period in the previous year, the business posted $0.15 earnings per share. JFrog's quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted 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 valued at $40,000 after buying an additional 597 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of JFrog in the 1st quarter valued at about $104,000. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of JFrog in the first quarter worth $128,000. Hedge funds and other institutional investors own 85.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on FROG shares. Barclays upped their target price on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday. Robert W. Baird set a $47.00 target price on shares of JFrog and gave the company an "outperform" rating in a research report on Monday, August 4th. Stifel Nicolaus increased their target price on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $40.00) on shares of JFrog in a report on Friday. Finally, Cantor Fitzgerald raised their target price on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday. Two 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.
Read Our Latest Stock Report on FROG
JFrog Company Profile
(
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.
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