Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 4,111 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 4,111 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.07, for a total transaction of $148,283.77. Following the sale, the chief technology officer now directly owns 6,563,131 shares in the company, valued at $236,732,135.17. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $31.55, for a total value of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Stock Up 0.2 %

FROG stock opened at $35.36 on Friday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a market cap of $3.60 billion, a P/E ratio of -66.72 and a beta of 0.95. The business’s fifty day moving average is $31.58 and its 200-day moving average is $30.79.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.24). The company had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. During the same period in the previous year, the company posted ($0.10) EPS. Research analysts anticipate that JFrog Ltd. will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after purchasing an additional 210,000 shares during the period. JPMorgan Chase & Co. raised its stake in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after buying an additional 159,483 shares during the period. Principal Financial Group Inc. lifted its holdings in JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after acquiring an additional 514,895 shares in the last quarter. North Peak Capital Management LLC acquired a new position in JFrog in the third quarter valued at about $73,417,000. Finally, Atom Investors LP grew its stake in JFrog by 57.0% in the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after acquiring an additional 24,120 shares during the period. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FROG. DA Davidson restated a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Barclays decreased their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Needham & Company LLC raised their price objective on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. TD Cowen upped their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Three research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.89.

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.