JFrog Ltd. (NASDAQ:FROG – Get Free Report) CRO Tali Notman sold 22,015 shares of JFrog stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.95, for a total transaction of $1,848,159.25. Following the completion of the sale, the executive owned 706,629 shares in the company, valued at approximately $59,321,504.55. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tali Notman also recently made the following trade(s):
- On Tuesday, June 2nd, Tali Notman sold 22,854 shares of JFrog stock. The shares were sold at an average price of $86.54, for a total transaction of $1,977,785.16.
JFrog Stock Down 2.3%
Shares of JFrog stock opened at $78.48 on Friday. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of -148.08 and a beta of 1.23. The business has a 50-day moving average price of $61.33 and a 200-day moving average price of $56.68. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $89.16.
Institutional Investors Weigh In On JFrog
Hedge funds and other institutional investors have recently made changes to their positions in the company. Snowden Capital Advisors LLC raised its position in JFrog by 1.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after purchasing an additional 253 shares during the period. Park Avenue Securities LLC boosted its position in shares of JFrog by 3.1% during the fourth quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock valued at $585,000 after buying an additional 279 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of JFrog by 2.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock valued at $948,000 after buying an additional 299 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in shares of JFrog by 8.0% in the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock worth $208,000 after buying an additional 330 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of JFrog by 5.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock worth $326,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
Analyst Ratings Changes
FROG has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and set a $70.00 target price on shares of JFrog in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Citigroup reiterated a “buy” rating on shares of JFrog in a research report on Monday. Barclays lifted their price objective on shares of JFrog from $75.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Tuesday, April 21st. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $78.45.
View Our Latest Research Report on FROG
JFrog Company Profile
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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