Eduard Grabscheid Sells 2,152 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the transaction, the chief financial officer now owns 93,597 shares in the company, valued at $3,275,895. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Eduard Grabscheid also recently made the following trade(s):

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total value of $25,520.40.
• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The stock was sold at an average price of $30.51, for a total value of $10,586.97.

JFrog Trading Down 1.3 %

FROG stock opened at $35.30 on Thursday. The firm has a market cap of $3.60 billion, a PE ratio of -66.60 and a beta of 0.95. The stock has a 50-day moving average price of $31.49 and a 200-day moving average price of $30.76. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Truist Financial reissued a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

Institutional Investors Weigh In On JFrog

A number of large investors have recently bought and sold shares of the stock. abrdn plc raised its holdings in shares of JFrog by 4.1% during the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after purchasing an additional 30,392 shares during the period. Washington Capital Management Inc. raised its stake in JFrog by 44.8% during the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock worth $618,000 after buying an additional 6,500 shares during the period. KBC Group NV boosted its holdings in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in JFrog by 10.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company’s stock valued at $2,655,000 after acquiring an additional 8,426 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in JFrog in the fourth quarter valued at approximately $193,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.