Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 15,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $36.19, for a total transaction of $542,850.00. Following the completion of the transaction, the chief technology officer now owns 6,532,242 shares of the company’s stock, valued at approximately $236,401,837.98. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00.

JFrog Price Performance

Shares of FROG opened at $36.04 on Friday. The firm has a 50-day moving average price of $31.97 and a 200 day moving average price of $30.72. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The company had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. During the same period in the previous year, the company earned ($0.10) EPS. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FROG. Truist Financial reissued a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Barclays cut their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Needham & Company LLC boosted their price target on shares of JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group boosted their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given 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 $37.89.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in JFrog in the fourth quarter valued at about $30,554,000. Arizona State Retirement System lifted its position in JFrog by 2.6% in the fourth quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock valued at $800,000 after buying an additional 682 shares during the last quarter. Assetmark Inc. lifted its position in shares of JFrog by 3.9% during the fourth quarter. Assetmark Inc. now owns 60,368 shares of the company’s stock worth $1,775,000 after purchasing an additional 2,263 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of JFrog by 91.1% during 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 in the last quarter. Finally, US Bancorp DE lifted its position in shares of JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after purchasing an additional 512 shares in the last quarter. Institutional investors and hedge funds 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.