JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 150,000 shares of JFrog stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $89.99, for a total value of $13,498,500.00. Following the sale, the chief technology officer directly owned 5,539,038 shares in the company, valued at $498,458,029.62. This trade represents a 2.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Monday, June 1st, Yoav Landman sold 100,000 shares of JFrog stock. The stock was sold at an average price of $81.47, for a total value of $8,147,000.00.
- On Thursday, May 14th, Yoav Landman sold 75,000 shares of JFrog stock. The shares were sold at an average price of $64.22, for a total transaction of $4,816,500.00.
- On Friday, April 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $42.87, for a total transaction of $643,050.00.
JFrog Stock Performance
Shares of JFrog stock traded down $0.49 on Wednesday, hitting $90.39. 2,912,873 shares of the company traded hands, compared to its average volume of 3,181,843. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $93.12. The business has a 50-day simple moving average of $70.60 and a 200 day simple moving average of $58.40. The stock has a market capitalization of $10.95 billion, a P/E ratio of -170.55 and a beta of 1.23.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a report on Tuesday, April 21st. DA Davidson set a $90.00 price objective on shares of JFrog in a research report on Friday, May 8th. Wall Street Zen cut shares of JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Benchmark initiated coverage on shares of JFrog in a report on Thursday, June 25th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Truist Financial upped their target price on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.
Check Out Our Latest Analysis on FROG
Hedge Funds Weigh In On JFrog
Large investors have recently modified their holdings of the stock. Millstone Evans Group LLC lifted its position in JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after buying an additional 427 shares during the last quarter. Blue Trust Inc. bought a new position in JFrog during the fourth quarter valued at $30,000. Western Wealth Management LLC purchased a new stake in shares of JFrog in the first quarter valued at $30,000. Bessemer Group Inc. purchased a new stake in shares of JFrog in the first quarter valued at $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
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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