Tali Notman Sells 10,791 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROGGet Free Report) CRO Tali Notman sold 10,791 shares of JFrog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $31.03, for a total value of $334,844.73. Following the completion of the sale, the executive now owns 514,394 shares in the company, valued at approximately $15,961,645.82. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total transaction of $352,787.40.

JFrog Stock Down 2.2 %

JFrog stock traded down $0.67 during midday trading on Tuesday, reaching $30.26. The company’s stock had a trading volume of 537,233 shares, compared to its average volume of 1,240,169. The business has a 50-day simple moving average of $30.36 and a 200-day simple moving average of $31.42. The company has a market cap of $3.08 billion, a P/E ratio of -58.36 and a beta of 0.94. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Analyst Ratings Changes

FROG has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Barclays cut their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Truist Financial reissued a “buy” rating and issued a $35.00 price objective (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, TD Cowen increased their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Read Our Latest Research Report on JFrog

Institutional Investors Weigh In On JFrog

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in JFrog by 22.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after acquiring an additional 561,897 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. North Peak Capital Management LLC acquired a new stake in shares of JFrog during the third quarter worth $73,417,000. Thrivent Financial for Lutherans grew its position in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares during the last quarter. Finally, Wasatch Advisors LP grew its position in JFrog by 6.2% in the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after buying an additional 124,420 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Company Profile

(Get Free Report)

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.

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