JFrog (NASDAQ:FROG) CRO Tali Notman Sells 13,067 Shares

Key Points

• Tali Notman, CRO of JFrog, sold 13,067 shares at an average price of $50.26, totaling approximately $656,747, decreasing their ownership by 1.94% to under 659,000 shares.
• JFrog reported a quarterly earnings per share (EPS) of $0.18, exceeding analyst expectations, and expects FY 2025 EPS guidance between $0.680 and $0.70.
• Institutional investors own about 85.02% of JFrog's stock, reflecting significant interest and changes in ownership stakes among various funds.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CRO Tali Notman sold 13,067 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $50.26, for a total transaction of $656,747.42. Following the completion of the transaction, the executive owned 658,842 shares in the company, valued at approximately $33,113,398.92. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tali Notman also recently made the following trade(s):

• On Tuesday, September 2nd, Tali Notman sold 14,451 shares of JFrog stock. The stock was sold at an average price of $47.78, for a total transaction of $690,468.78.

JFrog Stock Down 0.6%

Shares of FROG stock traded down $0.29 during trading on Wednesday, hitting $49.66. The company had a trading volume of 1,763,249 shares, compared to its average volume of 1,145,132. The stock's 50-day moving average is $43.98 and its two-hundred day moving average is $39.39. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -64.49 and a beta of 1.06. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $50.98.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. JFrog's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its stake in JFrog by 32.4% in the first 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 during the period. Bayforest Capital Ltd purchased a new stake in JFrog in the first quarter worth $104,000. Smartleaf Asset Management LLC lifted its stake in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after acquiring an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in JFrog in the first quarter worth $128,000. Institutional investors own 85.02% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial increased their price target on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. KeyCorp increased their price target on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Cowen reiterated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.87.

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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