JFrog Ltd. (NASDAQ:FROG) CTO Sells $745,000.00 in Stock

Posted by James Quigley on Jan 25th, 2023

JFrog Ltd. (NASDAQ:FROG – Get Rating) CTO Yoav Landman sold 29,800 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $25.00, for a total transaction of $745,000.00. Following the transaction, the chief technology officer now owns 7,336,542 shares of the company’s stock, valued at $183,413,550. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

On Tuesday, January 17th, Yoav Landman sold 20,000 shares of JFrog stock. The stock was sold at an average price of $23.05, for a total transaction of $461,000.00.
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 Stock Performance

Shares of NASDAQ:FROG traded up $0.13 during trading on Wednesday, reaching $25.14. 297,581 shares of the stock traded hands, compared to its average volume of 555,749. The stock has a 50-day moving average of $22.18 and a two-hundred day moving average of $22.45. JFrog Ltd. has a 52-week low of $16.36 and a 52-week high of $28.18. The stock has a market cap of $2.45 billion, a P/E ratio of -26.65 and a beta of 0.33.

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 the consensus estimate of ($0.12) by ($0.07). JFrog had a negative return on equity of 10.12% and a negative net margin of 34.15%. The company had revenue of $71.99 million during the quarter, compared to analysts’ expectations of $71.08 million. Sell-side analysts expect that JFrog Ltd. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FROG. Needham & Company LLC decreased 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. Piper Sandler decreased their target price on shares of JFrog from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, January 5th. Morgan Stanley decreased 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. JPMorgan Chase & Co. decreased 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. Finally, Truist Financial began coverage on shares of JFrog in a research note on Friday, September 30th. They set a “buy” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.40.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in JFrog by 34.7% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 18,630 shares of the company’s stock worth $397,000 after purchasing an additional 4,801 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of JFrog by 10.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,735,356 shares of the company’s stock valued at $37,014,000 after purchasing an additional 167,136 shares during the period. FNY Investment Advisers LLC raised its position in shares of JFrog by 363.6% during the 4th quarter. FNY Investment Advisers LLC now owns 2,550 shares of the company’s stock valued at $54,000 after purchasing an additional 2,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of JFrog by 245.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,836,848 shares of the company’s stock valued at $40,612,000 after purchasing an additional 1,304,898 shares during the period. Finally, California State Teachers Retirement System increased its holdings in JFrog by 2.9% in the 3rd quarter. California State Teachers Retirement System now owns 42,507 shares of the company’s stock valued at $940,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 53.34% of the company’s stock.

About JFrog

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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.