Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 40,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 40,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the completion of the sale, the chief technology officer now owns 6,731,371 shares of the company’s stock, valued at $260,504,057.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 15th, Yoav Landman sold 110,000 shares of JFrog stock. The shares were sold at an average price of $47.28, for a total value of $5,200,800.00.

JFrog Price Performance

FROG stock traded up $0.24 during trading on Tuesday, hitting $37.69. 426,205 shares of the company traded hands, compared to its average volume of 1,254,343. The stock’s 50-day simple moving average is $42.24 and its 200 day simple moving average is $33.58. The company has a market cap of $3.84 billion, a PE ratio of -62.42 and a beta of 0.99. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million during the quarter, compared to analysts’ expectations of $93.07 million. Research analysts expect that JFrog Ltd. will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FROG shares. DA Davidson increased their price target on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) raised their price objective on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Truist Financial raised their price objective on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Oppenheimer raised their price objective on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Finally, Needham & Company LLC raised their price objective on JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and an average target price of $43.46.

Institutional Trading of JFrog

Several institutional investors have recently bought and sold shares of FROG. Sunbelt Securities Inc. acquired a new stake in JFrog in the first quarter valued at approximately $25,000. Fred Alger Management LLC acquired a new stake in shares of JFrog in the third quarter worth approximately $35,000. Frazier Financial Advisors LLC acquired a new stake in shares of JFrog in the fourth quarter worth approximately $35,000. Advisors Asset Management Inc. boosted its stake in shares of JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock worth $35,000 after acquiring an additional 829 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the first quarter worth approximately $44,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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.