JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 75,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $64.22, for a total transaction of $4,816,500.00. Following the completion of the sale, the chief technology officer owned 5,753,437 shares of the company’s stock, valued at approximately $369,485,724.14. The trade was a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Friday, April 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $42.87, for a total transaction of $643,050.00.
JFrog Trading Up 3.6%
FROG stock opened at $73.99 on Friday. The company has a market cap of $8.96 billion, a price-to-earnings ratio of -139.60 and a beta of 1.02. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $74.17. The firm has a 50-day moving average of $51.03 and a two-hundred day moving average of $54.35.
Hedge Funds Weigh In On JFrog
Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in JFrog during the first quarter worth $30,000. Bank of America Corp DE lifted its stake in JFrog by 48.2% during the first quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock worth $118,165,000 after purchasing an additional 819,326 shares in the last quarter. Atreides Management LP lifted its stake in JFrog by 37.3% during the first quarter. Atreides Management LP now owns 554,987 shares of the company’s stock worth $26,046,000 after purchasing an additional 150,711 shares in the last quarter. Amundi lifted its stake in JFrog by 27.0% during the first quarter. Amundi now owns 836,389 shares of the company’s stock worth $39,252,000 after purchasing an additional 177,973 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in JFrog by 26.2% during the first quarter. California State Teachers Retirement System now owns 110,992 shares of the company’s stock worth $5,209,000 after purchasing an additional 23,032 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
Wall Street Analyst Weigh In
FROG has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of JFrog in a research note on Monday, February 23rd. Raymond James Financial reissued an “outperform” rating and issued a $70.00 price target on shares of JFrog in a research note on Thursday, February 26th. Barclays increased their price target on shares of JFrog from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut shares of JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, JFrog presently has an average rating of “Moderate Buy” and an average target price of $74.89.
Check Out Our Latest Stock Analysis on FROG
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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