JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman Sells 10,699 Shares

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 10,699 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the sale, the executive now owns 536,714 shares of the company’s stock, valued at $15,183,639.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Tali Notman also recently made the following trade(s):

• On Tuesday, September 3rd, Tali Notman sold 11,621 shares of JFrog stock. The shares were sold at an average price of $27.06, for a total value of $314,464.26.
• On Thursday, August 1st, Tali Notman sold 30,000 shares of JFrog stock. The shares were sold at an average price of $36.68, for a total value of $1,100,400.00.
• On Monday, July 1st, Tali Notman sold 5,882 shares of JFrog stock. The shares were sold at an average price of $37.51, for a total value of $220,633.82.
• On Thursday, June 13th, Tali Notman sold 34,748 shares of JFrog stock. The shares were sold at an average price of $33.96, for a total value of $1,180,042.08.

JFrog Trading Down 0.1 %

NASDAQ:FROG opened at $27.74 on Thursday. The stock has a market capitalization of $2.83 billion, a PE ratio of -59.02 and a beta of 0.94. The firm’s 50 day moving average is $31.90 and its 200 day moving average is $36.12. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $103.04 million during 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%. Research analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in JFrog by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after buying an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp grew its stake in JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares in the last quarter. Praesidium Investment Management Company LLC grew its stake in JFrog by 6.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock valued at $67,260,000 after buying an additional 118,473 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in JFrog by 4.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after buying an additional 73,036 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after buying an additional 254,100 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FROG shares. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Wednesday. UBS Group cut their price target on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America cut their price target on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Scotiabank dropped their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th. Finally, Robert W. Baird assumed coverage on shares of JFrog in a research report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

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.