Tali Notman Sells 75,635 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the sale, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This trade represents a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total transaction of $334,844.73.
• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40.

JFrog Price Performance

FROG opened at $34.76 on Friday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -65.58 and a beta of 0.95. The firm has a 50 day simple moving average of $31.65 and a 200 day simple moving average of $30.82. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

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

Analysts Set New Price Targets

A number of equities analysts have commented on FROG shares. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. TD Cowen boosted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.89.

Institutional Investors Weigh In On JFrog

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in JFrog in the third quarter valued at approximately $29,000. KBC Group NV increased its stake in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. West Tower Group LLC bought a new stake in JFrog in the third quarter valued at approximately $116,000. Sanctuary Advisors LLC acquired a new position in shares of JFrog in the second quarter valued at approximately $188,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the period. Institutional investors own 85.02% of the company’s stock.

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.