JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,889 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,889 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.15, for a total value of $574,387.35. Following the sale, the chief technology officer now directly owns 6,547,242 shares in the company, valued at approximately $236,682,798.30. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total value of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $31.55, for a total value 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 value of $453,900.00.

JFrog Trading Down 0.6 %

Shares of NASDAQ FROG opened at $35.83 on Friday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The stock has a 50 day moving average of $32.07 and a 200-day moving average of $30.76. The company has a market capitalization of $3.65 billion, a P/E ratio of -67.60 and a beta of 0.97.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.24). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The business had revenue of $109.06 million for the quarter, compared to the consensus estimate of $105.54 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the subject of a number of research reports. Scotiabank increased their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC increased their price objective on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Three investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JFrog by 30.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after acquiring an additional 210,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing an additional 159,483 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after purchasing an additional 514,895 shares during the last quarter. North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter worth approximately $73,417,000. Finally, Atom Investors LP lifted its holdings in JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after purchasing an additional 24,120 shares during the last quarter. 85.02% of the stock is currently 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.