JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $36.19, for a total transaction of $542,850.00. Following the completion of the sale, the chief technology officer now directly owns 6,532,242 shares of the company’s stock, valued at approximately $236,401,837.98. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00.

JFrog Trading Down 0.7 %

FROG stock opened at $36.04 on Friday. The firm has a 50 day moving average of $31.97 and a 200 day moving average of $30.72. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). The company had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently bought and sold shares of FROG. North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter valued at approximately $73,417,000. TimesSquare Capital Management LLC lifted its stake in JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in JFrog during the 3rd quarter valued at approximately $32,401,000. Raymond James Financial Inc. acquired a new stake in JFrog during the 4th quarter valued at approximately $30,554,000. Finally, Thrivent Financial for Lutherans lifted its stake in JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FROG. UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays lowered their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Scotiabank increased their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

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.