Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells $14,000.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 400 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $35.00, for a total value of $14,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,744,492 shares in the company, valued at approximately $236,057,220. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 12th, Yoav Landman sold 2,250 shares of JFrog stock. The shares were sold at an average price of $35.28, for a total value of $79,380.00.
• On Friday, June 7th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $32.35, for a total value of $485,250.00.
• On Friday, May 10th, Yoav Landman sold 15,100 shares of JFrog stock. The stock was sold at an average price of $33.27, for a total value of $502,377.00.
• On Friday, April 12th, Yoav Landman sold 40,000 shares of JFrog stock. The stock was sold at an average price of $38.70, for a total value of $1,548,000.00.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $37.55 on Friday. JFrog Ltd. has a 52-week low of $21.38 and a 52-week high of $48.81. The company has a market capitalization of $3.83 billion, a P/E ratio of -79.89 and a beta of 0.93. The company has a 50-day simple moving average of $35.28 and a 200 day simple moving average of $37.24.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. As a group, equities analysts forecast that JFrog Ltd. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On JFrog

Hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in JFrog during the fourth quarter worth approximately $2,206,000. Syon Capital LLC acquired a new stake in JFrog during the fourth quarter worth approximately $22,086,000. Vanguard Group Inc. lifted its position in JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after acquiring an additional 679,007 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in JFrog by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock worth $54,542,000 after acquiring an additional 145,465 shares during the last quarter. Finally, Barclays PLC lifted its position in JFrog by 8.3% during the third quarter. Barclays PLC now owns 13,173 shares of the company’s stock worth $334,000 after acquiring an additional 1,012 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley dropped their price objective on JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Truist Financial raised their price objective on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. DA Davidson raised their price objective on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Cantor Fitzgerald raised their price objective on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Finally, Barclays initiated coverage on JFrog in a report on Wednesday. They issued an “overweight” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average target price of $43.93.

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.