JFrog (NASDAQ:FROG) CTO Yoav Landman Sells 70,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $69.22, for a total transaction of $4,845,400.00. Following the completion of the sale, the chief technology officer owned 5,958,641 shares in the company, valued at $412,457,130.02. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

JFrog Stock Up 2.7%

Shares of JFrog stock opened at $65.72 on Friday. The company has a market cap of $7.78 billion, a P/E ratio of -93.89 and a beta of 1.10. The firm’s 50 day moving average price is $56.73 and its 200-day moving average price is $48.94. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The company had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. During the same period last year, the firm earned $0.15 earnings per share. JFrog’s revenue was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Snowden Capital Advisors LLC increased its stake in shares of JFrog by 1.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after purchasing an additional 253 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in JFrog by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock worth $481,000 after purchasing an additional 253 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after buying an additional 329 shares in the last quarter. Arizona State Retirement System raised its stake in shares of JFrog by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock worth $1,362,000 after buying an additional 362 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of JFrog by 5.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock valued at $326,000 after buying an additional 377 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FROG. Oppenheimer upgraded JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Friday, November 7th. BTIG Research started coverage on JFrog in a report on Tuesday. They issued a “buy” rating and a $83.00 price target for the company. TD Cowen boosted their price target on JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. KeyCorp increased their price objective on shares of JFrog from $71.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average target price of $64.35.

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.