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

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 2,152 shares of JFrog stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares of the company’s stock, valued at approximately $3,275,895. This represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The stock was 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 Up 0.2 %

NASDAQ:FROG opened at $35.36 on Friday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The stock has a 50 day moving average of $31.58 and a two-hundred day moving average of $30.79. The firm has a market cap of $3.60 billion, a P/E ratio of -66.72 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank lifted their price target on 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 reissued an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. UBS Group boosted their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their price objective on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Three investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.89.

Institutional Investors Weigh In On JFrog

Several large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog in the third quarter valued at approximately $29,000. West Tower Group LLC purchased a new stake in shares of JFrog in the third quarter valued at approximately $116,000. KBC Group NV grew its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of JFrog in the second quarter valued at approximately $188,000. Finally, SG Americas Securities LLC purchased a new stake in shares of JFrog in the fourth quarter valued at approximately $193,000. 85.02% of the stock is currently owned by hedge funds and other 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.