JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 15,000 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00. Following the transaction, the chief technology officer now directly owns 6,567,242 shares in the company, valued at approximately $207,196,485.10. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00.

JFrog Stock Up 4.1 %

Shares of FROG stock opened at $33.23 on Thursday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -62.70 and a beta of 0.95. The business’s fifty day moving average is $30.92 and its 200 day moving average is $30.91. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. TimesSquare Capital Management LLC boosted its stake in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares in the last quarter. North Peak Capital Management LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $73,417,000. Thrivent Financial for Lutherans lifted its holdings in shares of JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after purchasing an additional 593,478 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of JFrog by 6.2% in the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock worth $62,171,000 after purchasing an additional 124,420 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after buying an additional 254,100 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FROG. Barclays lowered their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Truist Financial restated a “buy” rating and issued a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Three research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

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.