Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells $473,250.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00. Following the transaction, the chief technology officer now directly owns 6,567,242 shares of the company’s stock, valued at $207,196,485.10. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yoav Landman also recently made the following trade(s):

• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Trading Up 4.1 %

Shares of FROG opened at $33.23 on Thursday. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The company has a market cap of $3.39 billion, a PE ratio of -62.70 and a beta of 0.95. The stock has a 50-day moving average price of $30.92 and a 200-day moving average price of $30.91.

Wall Street Analyst Weigh In

Several analysts have issued reports on FROG shares. Scotiabank boosted their target price 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 restated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. TD Cowen increased their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group lifted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson restated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently bought and sold shares of FROG. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the 3rd quarter valued at $29,000. West Tower Group LLC bought a new position in JFrog in the third quarter valued at $116,000. Sanctuary Advisors LLC purchased a new stake in JFrog during the second quarter valued at about $188,000. US Bancorp DE boosted its holdings in shares of JFrog by 13.6% in the 3rd 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. Finally, Park Avenue Securities LLC bought a new position in shares of JFrog during the 4th quarter valued at about $204,000. 85.02% of the stock is currently owned by institutional investors.

About JFrog

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.