Yoav Landman Sells 41,266 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 41,266 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $42.19, for a total transaction of $1,741,012.54. Following the sale, the chief technology officer owned 6,329,820 shares of the company's stock, valued at $267,055,105.80. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, July 7th, Yoav Landman sold 8,734 shares of JFrog stock. The stock was sold at an average price of $42.39, for a total value of $370,234.26.
• 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.
• On Thursday, April 10th, Yoav Landman sold 20,000 shares of JFrog stock. The stock was sold at an average price of $30.45, for a total value of $609,000.00.

JFrog Stock Down 1.2%

NASDAQ:FROG traded down $0.51 during mid-day trading on Tuesday, hitting $41.81. 750,224 shares of the stock traded hands, compared to its average volume of 1,118,960. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.10. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -58.89 and a beta of 1.06. The firm's 50 day moving average is $41.12 and its two-hundred day moving average is $36.17.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, research analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FROG. Jones Financial Companies Lllp grew its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. Signaturefd LLC boosted its position in shares of JFrog by 90.9% in 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. grew its stake in 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 buying an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new position in JFrog during the 1st quarter valued at about $104,000. Finally, Smartleaf Asset Management LLC increased its position in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after buying an additional 800 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FROG. Barclays lowered their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Raymond James Financial set a $50.00 target price on shares of JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. DA Davidson raised their target price on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Scotiabank reduced their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley boosted their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.06.

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.

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