JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 40,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 40,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the transaction, the chief technology officer now owns 6,731,371 shares of the company’s stock, valued at approximately $260,504,057.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 15th, Yoav Landman sold 110,000 shares of JFrog stock. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00.

JFrog Stock Up 0.1 %

NASDAQ FROG opened at $37.49 on Wednesday. JFrog Ltd. has a 52 week low of $17.11 and a 52 week high of $48.81. The firm has a market capitalization of $3.82 billion, a P/E ratio of -62.48 and a beta of 0.99. The company has a 50-day moving average price of $42.29 and a 200-day moving average price of $33.66.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FROG. Needham & Company LLC raised their target price on shares of JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. TheStreet raised shares of JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Scotiabank started coverage on shares of JFrog in a research note on Thursday, March 7th. They set a “buy” rating on the stock. Bank Of America (Bofa) lifted their price target on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, Oppenheimer lifted their price target on shares of JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FROG. Raymond James & Associates grew its holdings in shares of JFrog by 9.3% in the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after purchasing an additional 3,800 shares in the last quarter. US Bancorp DE lifted its position in JFrog by 2,303.3% in the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after buying an additional 2,119 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in JFrog by 74.3% in the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after buying an additional 5,012 shares during the last quarter. Rhumbline Advisers lifted its position in JFrog by 2.4% in the first quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after buying an additional 1,331 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in JFrog in the first quarter worth $10,228,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

About JFrog

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.