JFrog Ltd. (NASDAQ:FROG) CTO Sells $461,000.00 in Stock

JFrog Ltd. (NASDAQ:FROG – Get Rating) CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $23.05, for a total transaction of $461,000.00. Following the sale, the chief technology officer now directly owns 7,366,342 shares of the company’s stock, valued at approximately $169,794,183.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 9th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $20.10, for a total transaction of $402,000.00.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $23.07 on Friday. The company’s 50-day moving average price is $22.14 and its two-hundred day moving average price is $22.42. JFrog Ltd. has a one year low of $16.36 and a one year high of $28.18. The stock has a market capitalization of $2.25 billion, a PE ratio of -25.35 and a beta of 0.32.

JFrog (NASDAQ:FROG – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The firm had revenue of $71.99 million during the quarter, compared to the consensus estimate of $71.08 million. JFrog had a negative net margin of 34.15% and a negative return on equity of 10.12%. On average, analysts anticipate that JFrog Ltd. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FROG shares. Truist Financial started coverage on shares of JFrog in a report on Friday, September 30th. They issued a “buy” rating and a $30.00 price target for the company. Bank of America raised shares of JFrog from a “neutral” rating to a “buy” rating and upped their target price for the stock from $28.00 to $32.00 in a research note on Wednesday, January 4th. Needham & Company LLC reduced their target price on shares of JFrog from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Morgan Stanley reduced their target price on shares of JFrog from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, October 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of JFrog from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently modified their holdings of the company. Stanley Laman Group Ltd. bought a new stake in shares of JFrog in the 3rd quarter valued at about $10,157,000. Van ECK Associates Corp raised its holdings in shares of JFrog by 4.6% in the 2nd quarter. Van ECK Associates Corp now owns 19,445 shares of the company’s stock valued at $410,000 after purchasing an additional 855 shares during the period. Wrapmanager Inc. raised its holdings in shares of JFrog by 15.8% in the 2nd quarter. Wrapmanager Inc. now owns 19,290 shares of the company’s stock valued at $406,000 after purchasing an additional 2,628 shares during the period. Laurion Capital Management LP raised its holdings in shares of JFrog by 6.3% in the 2nd quarter. Laurion Capital Management LP now owns 15,951 shares of the company’s stock valued at $336,000 after purchasing an additional 950 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of JFrog by 26.6% in the 2nd quarter. Arizona State Retirement System now owns 13,196 shares of the company’s stock valued at $278,000 after purchasing an additional 2,774 shares during the period. 53.34% of the stock is owned by institutional investors.

JFrog Company Profile

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JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.