Insider Selling: JFrog Ltd. (NASDAQ:FROG) CRO Sells 75,635 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction on Monday, January 27th. The stock was 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 $20,383,790. This represents a 11.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 Stock Down 1.3 %

FROG stock traded down $0.47 during midday trading on Wednesday, reaching $35.30. The company’s stock had a trading volume of 551,725 shares, compared to its average volume of 926,972. The business’s 50-day simple moving average is $31.49 and its 200-day simple moving average is $30.76. The stock has a market cap of $3.60 billion, a PE ratio of -66.60 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares during the period. JPMorgan Chase & Co. grew its stake in JFrog by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares during the period. Principal Financial Group Inc. increased its holdings in shares of JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after acquiring an additional 514,895 shares in the last quarter. North Peak Capital Management LLC acquired a new stake in shares of JFrog during the third quarter worth about $73,417,000. Finally, Atom Investors LP raised its position in shares of JFrog by 57.0% during the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after purchasing an additional 24,120 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FROG shares. DA Davidson reiterated a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

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.