JFrog Ltd. (NASDAQ:FROG) CRO Sells $2,647,225.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the sale, the executive now owns 582,394 shares in the company, valued at $20,383,790. The trade was a 11.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tali Notman also recently made the following trade(s):

• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total transaction of $334,844.73.
• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40.

JFrog Price Performance

FROG traded down $0.47 on Wednesday, hitting $35.30. 551,725 shares of the stock were exchanged, compared to its average volume of 926,972. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.60 and a beta of 0.95. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The business has a 50-day moving average of $31.49 and a two-hundred day moving average of $30.76.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The firm had revenue of $109.06 million during the quarter, compared to the consensus estimate of $105.54 million. During the same period last year, the business earned ($0.10) earnings per share. Equities research analysts expect that JFrog Ltd. will post -0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FROG. Robert W. Baird raised their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC raised their target price on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Scotiabank boosted their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. TD Cowen raised their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently modified their holdings of FROG. Mackenzie Financial Corp grew its position in JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of JFrog by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares in the last quarter. US Bancorp DE increased its position in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in JFrog in the 3rd quarter valued at approximately $29,000. Finally, KBC Group NV boosted its position in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.