Eduard Grabscheid Sells 11,942 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 11,942 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the transaction, the chief financial officer now directly owns 172,406 shares of the company’s stock, valued at $7,411,733.94. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total value of $75,320.00.
• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40.

JFrog Stock Down 5.3 %

Shares of NASDAQ:FROG traded down $2.21 during trading on Wednesday, hitting $39.82. 2,016,780 shares of the company were exchanged, compared to its average volume of 1,213,965. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65. The company has a market capitalization of $4.06 billion, a P/E ratio of -63.21 and a beta of 0.97. The business’s 50 day moving average is $33.20 and its 200-day moving average is $30.68.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.52%. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of JFrog by 9.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company’s stock valued at $2,448,000 after acquiring an additional 7,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JFrog by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock worth $5,457,000 after purchasing an additional 30,035 shares during the last quarter. Woodline Partners LP lifted its holdings in JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock worth $12,895,000 after buying an additional 407,415 shares during the period. Sphera Management Technology Funds Ltd bought a new stake in shares of JFrog in the 4th quarter valued at about $2,455,000. Finally, Squarepoint Ops LLC increased its stake in shares of JFrog by 20.3% in the fourth quarter. Squarepoint Ops LLC now owns 89,166 shares of the company’s stock valued at $2,622,000 after buying an additional 15,063 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Canaccord Genuity Group lifted their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC upped their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Truist Financial boosted their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, KeyCorp reiterated an “overweight” rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Three 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 company’s stock. According to MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average target price of $42.17.

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.