Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 40,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, February 15th, Yoav Landman sold 110,000 shares of JFrog stock. The shares were sold at an average price of $47.28, for a total transaction of $5,200,800.00.

JFrog Stock Performance

NASDAQ:FROG opened at $37.94 on Friday. The company has a fifty day moving average of $42.33 and a two-hundred day moving average of $33.72. The stock has a market capitalization of $3.87 billion, a PE ratio of -63.23 and a beta of 0.99. JFrog Ltd. has a fifty-two week low of $17.11 and a fifty-two week high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $97.26 million during the quarter, compared to analysts’ expectations of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. Research analysts forecast that JFrog Ltd. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on FROG shares. Needham & Company LLC upped their price objective on shares of JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Bank Of America (Bofa) upped their price objective on shares of JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Truist Financial upped their price objective on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Oppenheimer upped their price objective on shares of JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. Finally, DA Davidson boosted their target price on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.46.

Hedge Funds Weigh In On JFrog

A number of large investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of JFrog in the first quarter valued at about $25,000. Fred Alger Management LLC acquired a new stake in shares of JFrog in the third quarter valued at about $35,000. Frazier Financial Advisors LLC acquired a new stake in shares of JFrog in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. raised its position in shares of JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after buying an additional 829 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the first quarter valued at about $44,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.