JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,000 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. The sale 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 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.
• On Monday, July 15th, Yoav Landman sold 25,000 shares of JFrog stock. The stock was sold at an average price of $37.23, for a total transaction of $930,750.00.
• On Friday, July 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.39, for a total transaction of $545,850.00.
• On Thursday, June 27th, Yoav Landman sold 16,277 shares of JFrog stock. The stock was sold at an average price of $36.66, for a total transaction of $596,714.82.
• On Tuesday, June 25th, Yoav Landman sold 400 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total transaction of $14,000.00.

JFrog Stock Down 0.1 %

FROG stock traded down $0.02 during midday trading on Tuesday, reaching $28.12. 1,100,387 shares of the company’s stock traded hands, compared to its average volume of 1,322,184. The company has a 50-day simple moving average of $31.41 and a two-hundred day simple moving average of $35.71. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -60.28 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

FROG has been the subject of several recent research reports. KeyCorp upped their price target on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Bank of America cut their target price on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. FBN Securities began coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 price target on the stock. Finally, Scotiabank reduced their price objective on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Three 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. According to data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.28.

Hedge Funds Weigh In On JFrog

Institutional investors have recently modified their holdings of the stock. 1832 Asset Management L.P. grew its stake in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after purchasing an additional 1,052,800 shares during the last quarter. Meitav Investment House Ltd. boosted its position in JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after buying an additional 856,451 shares during the last quarter. American Century Companies Inc. increased its stake in shares of JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after buying an additional 841,956 shares during the period. Principal Financial Group Inc. bought a new stake in shares of JFrog during the first quarter worth $35,520,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of JFrog during the second quarter valued at $30,098,000. 85.02% of the stock is owned by institutional investors.

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.