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 company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $28.00, for a total value of $420,000.00.
• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $25.68, for a total value of $385,200.00.

JFrog Price Performance

FROG opened at $31.46 on Thursday. JFrog Ltd. has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The firm has a market capitalization of $3.21 billion, a P/E ratio of -66.94 and a beta of 0.94. The company’s 50-day moving average is $27.94 and its 200 day moving average is $33.56.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of JFrog by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock worth $244,192,000 after buying an additional 23,030 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of JFrog by 20.5% during the 4th quarter. Quadrature Capital Ltd now owns 63,729 shares of the company’s stock valued at $2,206,000 after acquiring an additional 10,856 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of JFrog during the 1st quarter worth approximately $229,000. Counterpoint Mutual Funds LLC bought a new stake in shares of JFrog in the 1st quarter worth approximately $271,000. Finally, Future Financial Wealth Managment LLC bought a new position in JFrog during the first quarter valued at $44,000. Institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FROG shares. Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Scotiabank reduced their target price on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird assumed coverage on JFrog in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.28.

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.