Yoav Landman Sells 20,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.56, for a total transaction of $711,200.00. Following the transaction, the chief technology officer now owns 6,456,901 shares of the company’s stock, valued at approximately $229,607,399.56. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The stock was sold at an average price of $37.43, for a total value of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The stock was sold at an average price of $37.00, for a total transaction of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The stock was sold at an average price of $36.15, for a total value of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total transaction of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $31.55, for a total transaction of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Trading Down 2.6 %

JFrog stock traded down $0.90 during trading hours on Monday, reaching $33.57. 1,141,097 shares of the stock were exchanged, compared to its average volume of 1,135,538. The stock has a 50 day moving average of $34.89 and a two-hundred day moving average of $31.48. The company has a market cap of $3.42 billion, a P/E ratio of -53.29 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after acquiring an additional 210,000 shares during the last quarter. abrdn plc boosted its position in JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after buying an additional 30,392 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after buying an additional 159,483 shares during the last quarter. Peregrine Capital Management LLC grew its stake in shares of JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after buying an additional 34,900 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after buying an additional 514,895 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on FROG shares. Needham & Company LLC increased their price target on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays boosted their price target on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Truist Financial raised their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

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.