JFrog (NASDAQ:FROG) Trading Down 4.2% - Time to Sell?

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) traded down 4.2% during mid-day trading on Tuesday . The stock traded as low as $42.62 and last traded at $42.70. 964,127 shares traded hands during trading, a decline of 15% from the average session volume of 1,129,839 shares. The stock had previously closed at $44.55.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. DA Davidson raised 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. Barclays cut 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. Scotiabank cut 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. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Truist Financial raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and an average price target of $41.44.

JFrog Stock Up 1.5%

The business's 50 day moving average is $36.02 and its 200-day moving average is $34.31. The firm has a market capitalization of $4.98 billion, a P/E ratio of -69.02 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the business's stock in a transaction 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 sale, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the completion of the sale, the director now directly owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,499 shares of company stock valued at $4,078,300. 14.10% of the stock is currently owned by insiders.

Institutional Trading of JFrog

Several institutional investors have recently modified their holdings of the business. Siren L.L.C. lifted its holdings in JFrog by 9.6% in the first quarter. Siren L.L.C. now owns 131,616 shares of the company's stock valued at $4,212,000 after buying an additional 11,500 shares during the period. Diker Management LLC acquired a new position in JFrog in the first quarter valued at $480,000. Acadian Asset Management LLC acquired a new position in JFrog in the first quarter valued at $162,000. Bayforest Capital Ltd acquired a new position in JFrog in the first quarter valued at $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in JFrog by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 205,745 shares of the company's stock valued at $6,584,000 after buying an additional 20,193 shares during the period. Institutional investors own 85.02% of the company's stock.

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.