Yoav Landman Sells 50,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00. Following the completion of the sale, the chief technology officer now owns 6,371,086 shares of the company’s stock, valued at approximately $275,613,180.36. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, April 10th, Yoav Landman sold 20,000 shares of JFrog stock. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00.

JFrog Price Performance

FROG stock traded down $0.31 on Monday, reaching $42.44. The company’s stock had a trading volume of 904,662 shares, compared to its average volume of 1,132,540. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.10. The company has a market capitalization of $4.86 billion, a P/E ratio of -67.37 and a beta of 1.07. The firm has a fifty day moving average of $36.45 and a two-hundred day moving average of $34.53.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million for the quarter, compared to analysts’ expectations of $117.44 million. During the same period in the previous year, the business earned $0.16 earnings per share. JFrog’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, equities analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

Hedge funds have recently modified their holdings of the stock. Siren L.L.C. lifted its holdings in shares of JFrog by 9.6% during the first quarter. Siren L.L.C. now owns 131,616 shares of the company’s stock valued at $4,212,000 after purchasing an additional 11,500 shares during the last quarter. Diker Management LLC acquired a new stake in shares of JFrog during the first quarter valued at approximately $480,000. Acadian Asset Management LLC acquired a new stake in shares of JFrog during the first quarter valued at approximately $162,000. Bayforest Capital Ltd purchased a new stake in shares of JFrog in the 1st quarter valued at approximately $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in JFrog by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 205,745 shares of the company’s stock worth $6,584,000 after purchasing an additional 20,193 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FROG has been the topic of several research reports. Truist Financial increased their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. KeyCorp restated an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Finally, Scotiabank cut their target price on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.44.

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.