JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 2,152 Shares

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 2,152 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the sale, the chief financial officer now owns 93,597 shares of the company’s stock, valued at $3,275,895. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total value of $25,520.40.
• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The stock was sold at an average price of $30.51, for a total value of $10,586.97.

JFrog Trading Down 1.3 %

FROG stock opened at $35.30 on Thursday. The business’s 50-day moving average price is $31.49 and its two-hundred day moving average price is $30.76. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a market cap of $3.60 billion, a PE ratio of -66.60 and a beta of 0.95.

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

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after acquiring an additional 384 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares during the last quarter. US Bancorp DE raised its position in shares of JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after purchasing an additional 798 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog during the 3rd quarter worth about $29,000. Finally, KBC Group NV boosted its holdings in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after buying an additional 1,105 shares during the period. Institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FROG shares. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a report on Monday, October 14th. TD Cowen upped their target price on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Scotiabank raised their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, Robert W. Baird lifted their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.