Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 14,300 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Yossi Sela sold 14,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the transaction, the director now owns 306,277 shares of the company’s stock, valued at $12,410,344.04. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yossi Sela also recently made the following trade(s):

• On Wednesday, December 4th, Yossi Sela sold 25,000 shares of JFrog stock. The shares were sold at an average price of $31.86, for a total value of $796,500.00.

JFrog Stock Performance

Shares of FROG stock opened at $38.53 on Friday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65. The firm has a market capitalization of $3.93 billion, a P/E ratio of -61.16 and a beta of 0.97. The stock has a 50 day moving average price of $33.73 and a 200 day moving average price of $30.83.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FROG shares. Truist Financial raised their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC raised their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. TD Cowen lifted their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus lifted their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Scotiabank lifted their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently bought and sold shares of FROG. North Peak Capital Management LLC bought a new stake in JFrog during the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC raised its position 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 purchasing an additional 1,617,551 shares in the last quarter. Norges Bank bought a new stake in JFrog during the 4th quarter valued at $32,878,000. Massachusetts Financial Services Co. MA bought a new stake in JFrog during the 3rd quarter valued at $32,401,000. Finally, Raymond James Financial Inc. bought a new stake in JFrog during the 4th quarter valued at $30,554,000. 85.02% of the stock is owned by institutional investors.

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.