JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 75,000 shares of JFrog stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $64.22, for a total value of $4,816,500.00. Following the completion of the transaction, the chief technology officer owned 5,753,437 shares of the company’s stock, valued at approximately $369,485,724.14. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Friday, April 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $42.87, for a total value of $643,050.00.
JFrog Stock Down 2.7%
Shares of JFrog stock opened at $71.44 on Friday. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $73.71. The business has a 50-day moving average price of $50.39 and a 200 day moving average price of $54.21. The firm has a market cap of $8.65 billion, a PE ratio of -134.79 and a beta of 1.02.
Wall Street Analyst Weigh In
FROG has been the subject of several research reports. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. JPMorgan Chase & Co. boosted their price objective on JFrog from $68.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BTIG Research boosted their price objective on JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus cut their price objective on JFrog from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, KeyCorp reiterated an “overweight” rating and set a $83.00 price objective on shares of JFrog in a research note on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $74.74.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC boosted its holdings in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of JFrog during the 4th quarter worth approximately $30,000. Western Wealth Management LLC acquired a new position in shares of JFrog during the 1st quarter worth approximately $30,000. Bessemer Group Inc. acquired a new position in shares of JFrog during the 1st quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 478 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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