Yoav Landman Sells 15,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, September 13th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00.
• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00.

JFrog Stock Up 0.4 %

Shares of FROG stock traded up $0.14 on Tuesday, reaching $31.60. The company had a trading volume of 1,631,291 shares, compared to its average volume of 1,310,889. The stock has a market capitalization of $3.22 billion, a PE ratio of -66.94 and a beta of 0.94. JFrog Ltd. has a one year low of $21.38 and a one year high of $48.81. The business’s 50-day moving average is $28.04 and its 200 day moving average is $33.66.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. On average, sell-side analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on shares of JFrog in a research report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 target price for the company. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Wednesday, September 11th. DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday. Finally, Stifel Nicolaus cut their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $44,000. Advisors Asset Management Inc. lifted its holdings in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 shares in the last quarter. RiverPark Advisors LLC bought a new position in shares of JFrog in the 1st quarter worth $140,000. Duality Advisers LP purchased a new position in JFrog during the 1st quarter worth $205,000. Finally, SG Americas Securities LLC purchased a new position in JFrog during the 2nd quarter worth $187,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.