Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 20,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 20,000 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 6th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $35.56, for a total transaction of $711,200.00.
• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The shares were 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 value of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were 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 transaction 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.

JFrog Price Performance

Shares of FROG stock opened at $32.15 on Wednesday. The firm’s 50-day moving average is $34.41 and its two-hundred day moving average is $32.31. The company has a market capitalization of $3.68 billion, a PE ratio of -51.03 and a beta of 0.98. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FROG. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays raised their price objective on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. DA Davidson decreased their target price on JFrog from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Raymond James started coverage on shares of JFrog in a report on Friday, April 11th. They set an “outperform” rating and a $40.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently made changes to their positions in FROG. California State Teachers Retirement System increased its holdings in JFrog by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company’s stock valued at $2,379,000 after purchasing an additional 439 shares during the last quarter. US Bancorp DE raised its holdings in shares of JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock valued at $212,000 after buying an additional 512 shares during the period. Snowden Capital Advisors LLC lifted its stake in JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock worth $409,000 after acquiring an additional 564 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after acquiring an additional 574 shares during the period. Finally, Arizona State Retirement System grew its position in JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock valued at $800,000 after acquiring an additional 682 shares in the last quarter. 85.02% of the stock is 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.