Insider Selling: JFrog Ltd. (NASDAQ:FROG) CFO Sells 6,672 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 6,672 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now directly owns 166,236 shares in the company, valued at $6,075,925.80. This represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eduard Grabscheid also recently made the following trade(s):

• On Friday, February 14th, Eduard Grabscheid sold 11,942 shares of JFrog stock. The shares were sold at an average price of $42.99, for a total value of $513,386.58.
• On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total value of $75,320.00.

JFrog Stock Down 5.7 %

Shares of FROG opened at $34.71 on Friday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $46.65. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -55.10 and a beta of 0.95. The stock’s 50-day moving average price is $34.80 and its 200-day moving average price is $31.38.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, equities analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently bought and sold shares of FROG. US Bancorp DE boosted its position in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in JFrog by 17.0% during the third quarter. Harbor Capital Advisors Inc. now owns 20,124 shares of the company’s stock worth $584,000 after purchasing an additional 2,930 shares in the last quarter. Van ECK Associates Corp boosted its position in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of JFrog during the third quarter valued at approximately $229,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the topic of several research analyst reports. Truist Financial boosted their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Scotiabank boosted their price target on 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 reiterated an “overweight” rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group boosted their price target on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

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.