Tali Notman Sells 11,621 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 11,621 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the sale, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tali Notman also recently made the following trade(s):

• On Thursday, August 1st, Tali Notman sold 30,000 shares of JFrog stock. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00.
• On Monday, July 1st, Tali Notman sold 5,882 shares of JFrog stock. The shares were sold at an average price of $37.51, for a total transaction of $220,633.82.
• On Thursday, June 13th, Tali Notman sold 34,748 shares of JFrog stock. The shares were sold at an average price of $33.96, for a total transaction of $1,180,042.08.

JFrog Stock Up 8.6 %

FROG stock opened at $28.61 on Thursday. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -60.87 and a beta of 0.96. The firm’s fifty day simple moving average is $32.78 and its two-hundred day simple moving average is $36.65.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. As a group, equities research analysts expect that JFrog Ltd. will post -0.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on FROG shares. TD Cowen dropped their price target on shares of JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial dropped their price target on shares of JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler dropped their price target on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in JFrog by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,427 shares of the company’s stock valued at $805,000 after acquiring an additional 1,368 shares during the last quarter. Algert Global LLC grew its holdings in shares of JFrog by 60.0% in the second quarter. Algert Global LLC now owns 131,900 shares of the company’s stock worth $4,953,000 after purchasing an additional 49,461 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the last quarter. Marshall Wace LLP bought a new position in shares of JFrog in the second quarter worth about $222,000. Finally, Ensign Peak Advisors Inc bought a new position in shares of JFrog in the second quarter worth about $30,098,000. Institutional investors own 85.02% of the company’s stock.

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.