Tali Notman Sells 10,699 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 10,699 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the sale, the executive now directly owns 536,714 shares in the company, valued at $15,183,639.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 3rd, Tali Notman sold 11,621 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total value of $314,464.26.
• 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 value 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 stock was sold at an average price of $33.96, for a total transaction of $1,180,042.08.

JFrog Price Performance

JFrog stock opened at $27.90 on Friday. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81. The firm has a market capitalization of $2.84 billion, a P/E ratio of -59.36 and a beta of 0.94. The company’s 50-day moving average is $31.74 and its 200 day moving average is $36.06.

JFrog (NASDAQ:FROG) last released its earnings results 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). The business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. Research analysts anticipate that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC purchased a new position in shares of JFrog during the fourth quarter worth approximately $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the first quarter valued at about $44,000. Advisors Asset Management Inc. boosted its holdings in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares in the last quarter. RiverPark Advisors LLC purchased a new position in shares of JFrog in the 1st quarter worth approximately $140,000. Finally, Duality Advisers LP bought a new position in shares of JFrog during the 1st quarter worth approximately $205,000. Institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FROG. KeyCorp raised their target price on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday. Stifel Nicolaus reduced their target price on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Canaccord Genuity Group decreased their target price on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial cut their price target on JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Robert W. Baird initiated coverage on JFrog in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and a consensus target price of $36.28.

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.