Tali Notman Sells 10,791 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 10,791 shares of JFrog stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $31.03, for a total transaction of $334,844.73. Following the completion of the transaction, the executive now directly owns 514,394 shares in the company, valued at approximately $15,961,645.82. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tali Notman also recently made the following trade(s):

• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total value of $352,787.40.

JFrog Stock Performance

Shares of FROG traded down $0.67 during trading hours on Tuesday, hitting $30.26. The stock had a trading volume of 537,233 shares, compared to its average volume of 1,240,169. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of -58.36 and a beta of 0.94. The firm has a 50-day moving average price of $30.36 and a 200 day moving average price of $31.42. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $40.00 target price on shares of JFrog in a research note on Monday, October 14th. Barclays lowered their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Finally, Needham & Company LLC boosted their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

Institutional Investors Weigh In On JFrog

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its position in JFrog by 4.6% during the third quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock worth $2,304,000 after purchasing an additional 3,507 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of JFrog by 99.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock valued at $321,000 after buying an additional 4,967 shares in the last quarter. Ashford Capital Management Inc. lifted its position in shares of JFrog by 33.1% during the 3rd quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock valued at $11,078,000 after buying an additional 94,840 shares in the last quarter. Geode Capital Management LLC grew its stake in JFrog by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock valued at $3,939,000 after acquiring an additional 2,183 shares during the period. Finally, Vestcor Inc increased its holdings in JFrog by 180.0% in the 3rd quarter. Vestcor Inc now owns 70,000 shares of the company’s stock worth $2,033,000 after acquiring an additional 45,000 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

About JFrog

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.