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

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.55, for a total value of $473,250.00. Following the sale, the chief technology officer now directly owns 6,567,242 shares of the company’s stock, valued at approximately $207,196,485.10. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $453,900.00.

JFrog Price Performance

FROG stock traded down $0.60 during midday trading on Monday, reaching $31.33. The company had a trading volume of 662,943 shares, compared to its average volume of 776,841. The firm has a 50-day moving average price of $30.86 and a 200-day moving average price of $30.99. The company has a market capitalization of $3.19 billion, a P/E ratio of -59.11 and a beta of 0.95. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FROG shares. Truist Financial reissued a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report 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. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Finally, TD Cowen boosted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its stake in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after buying an additional 577 shares in the last quarter. US Bancorp DE lifted its position in 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 buying an additional 798 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in JFrog in the third quarter worth approximately $29,000. Finally, Wrapmanager Inc. grew its position in JFrog by 13.5% during the third quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock valued at $284,000 after acquiring an additional 1,161 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other 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.