Yvonne Wassenaar Sells 1,372 Shares of JFrog (NASDAQ:FROG) Stock

Key Points

• Yvonne Wassenaar, a director at JFrog Ltd. (NASDAQ:FROG), sold 1,372 shares on October 20th for $65,773.68, reducing her ownership by 4.47%.
• JFrog's stock recently fell 2.3%, trading at $47.70, with a market cap of $5.57 billion and a P/E ratio of -61.95.
• Analysts have mixed views on JFrog, with a recent downgrade from "buy" to "hold" by Wall Street Zen and a range of target prices up to $65.00 from Morgan Stanley.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) Director Yvonne Wassenaar sold 1,372 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $47.94, for a total transaction of $65,773.68. Following the sale, the director owned 29,307 shares of the company's stock, valued at $1,404,977.58. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, September 30th, Yvonne Wassenaar sold 1,372 shares of JFrog stock. The stock was sold at an average price of $49.90, for a total transaction of $68,462.80.
• On Thursday, August 28th, Yvonne Wassenaar sold 1,368 shares of JFrog stock. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00.

JFrog Stock Down 2.3%

Shares of FROG traded down $1.10 during mid-day trading on Wednesday, hitting $47.70. 525,426 shares of the company's stock were exchanged, compared to its average volume of 1,103,649. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $51.94. The stock's 50-day simple moving average is $47.96 and its 200-day simple moving average is $42.36. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of -61.95 and a beta of 1.05.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 EPS 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%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm 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. Analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of JFrog from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings restated a "sell (d-)" rating on shares of JFrog in a research report on Wednesday, October 8th. KeyCorp raised their target price on shares of JFrog from $52.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Morgan Stanley raised their target price on shares of JFrog from $50.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Finally, Piper Sandler reiterated a "neutral" rating and set a $48.00 price target (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $53.44.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Calamos Advisors LLC increased its stake in JFrog by 382.5% in the third quarter. Calamos Advisors LLC now owns 58,848 shares of the company's stock valued at $2,785,000 after purchasing an additional 46,652 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in JFrog by 40.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 29,186 shares of the company's stock worth $1,381,000 after purchasing an additional 8,466 shares in the last quarter. Exchange Traded Concepts LLC grew its position in JFrog by 21.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 94,046 shares of the company's stock worth $4,451,000 after purchasing an additional 16,694 shares in the last quarter. Voya Investment Management LLC boosted its stake in JFrog by 89.7% in the third quarter. Voya Investment Management LLC now owns 1,057,257 shares of the company's stock valued at $50,040,000 after acquiring an additional 500,059 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in JFrog in the third quarter valued at about $15,252,000. 85.02% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.