JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $42.87, for a total transaction of $643,050.00. Following the completion of the transaction, the chief technology officer owned 5,828,437 shares of the company’s stock, valued at approximately $249,865,094.19. The trade was a 0.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Friday, January 16th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $57.71, for a total value of $2,596,950.00.
JFrog Stock Up 1.7%
Shares of NASDAQ FROG opened at $43.62 on Friday. The stock has a market cap of $5.28 billion, a PE ratio of -70.35 and a beta of 1.14. JFrog Ltd. has a 52-week low of $29.50 and a 52-week high of $70.43. The business has a 50-day moving average price of $44.73 and a 200 day moving average price of $52.70.
Analyst Ratings Changes
A number of equities analysts have recently commented on FROG shares. Piper Sandler cut their target price on shares of JFrog from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $70.00 target price on shares of JFrog in a report on Thursday, February 26th. Barclays lifted their target price on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. Finally, UBS Group raised JFrog from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, March 24th. Eighteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.55.
Read Our Latest Stock Analysis on JFrog
Institutional Trading of JFrog
A number of hedge funds have recently added to or reduced their stakes in FROG. Whale Rock Capital Management LLC lifted its holdings in shares of JFrog by 82.2% in the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after buying an additional 2,389,415 shares during the period. Invesco Ltd. lifted its holdings in shares of JFrog by 6,868.3% in the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after buying an additional 2,073,876 shares during the period. Anatole Investment Management Ltd acquired a new stake in shares of JFrog in the 4th quarter valued at approximately $86,557,000. Morgan Stanley lifted its holdings in shares of JFrog by 550.2% in the 4th quarter. Morgan Stanley now owns 1,562,151 shares of the company’s stock valued at $97,572,000 after buying an additional 1,321,899 shares during the period. Finally, Norges Bank acquired a new stake in shares of JFrog in the 4th quarter valued at approximately $76,427,000. 85.02% of the stock is owned by institutional investors and hedge funds.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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