JFrog Ltd. (NASDAQ:FROG) CRO Sells $999,456.12 in Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive now owns 686,360 shares in the company, valued at $29,623,297.60. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

JFrog Price Performance

Shares of FROG opened at $41.96 on Thursday. The firm has a market capitalization of $4.81 billion, a PE ratio of -66.60 and a beta of 1.07. The company’s 50-day moving average is $37.11 and its 200-day moving average is $34.71. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. Analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FROG. Principal Financial Group Inc. grew its position in shares of JFrog by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company’s stock worth $43,249,000 after purchasing an additional 32,557 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of JFrog by 11.9% during the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after purchasing an additional 34,900 shares in the last quarter. TimesSquare Capital Management LLC grew its position in shares of JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of JFrog by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 25,800 shares of the company’s stock worth $759,000 after purchasing an additional 2,100 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of JFrog during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FROG. Barclays reduced their price target on JFrog from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Needham & Company LLC increased their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Raymond James initiated coverage on JFrog in a report on Friday, April 11th. They issued an “outperform” rating and a $40.00 price objective for the company. Morgan Stanley increased their price objective on JFrog from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.44.

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.