Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells $420,000.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at $185,562,776. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00.
• On Monday, July 15th, Yoav Landman sold 25,000 shares of JFrog stock. The stock was sold at an average price of $37.23, for a total transaction of $930,750.00.
• On Friday, July 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.39, for a total transaction of $545,850.00.
• On Thursday, June 27th, Yoav Landman sold 16,277 shares of JFrog stock. The stock was sold at an average price of $36.66, for a total transaction of $596,714.82.
• On Tuesday, June 25th, Yoav Landman sold 400 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total value of $14,000.00.

JFrog Stock Up 0.7 %

FROG opened at $28.38 on Friday. The stock’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $35.54. The firm has a market capitalization of $2.89 billion, a P/E ratio of -60.38 and a beta of 0.93. JFrog Ltd. has a 12-month low of $21.38 and a 12-month high of $48.81.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new stake in JFrog during the fourth quarter worth about $459,000. Dimensional Fund Advisors LP grew its holdings in shares of JFrog by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock worth $54,542,000 after purchasing an additional 145,465 shares in the last quarter. Level Four Advisory Services LLC bought a new stake in shares of JFrog during the fourth quarter valued at approximately $484,000. Norges Bank acquired a new position in shares of JFrog in the fourth quarter valued at $16,661,000. Finally, Thoroughbred Financial Services LLC bought a new position in JFrog in the fourth quarter worth $405,000. Institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FROG. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of JFrog in a report on Monday. Robert W. Baird assumed coverage on shares of JFrog in a report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target for the company. Canaccord Genuity Group lowered their price target on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler cut their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley decreased their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.28.

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.