Tali Notman Sells 75,635 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the transaction, the executive now owns 582,394 shares of the company’s stock, valued at approximately $20,383,790. This represents a 11.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total value of $334,844.73.
• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total value of $352,787.40.

JFrog Price Performance

NASDAQ FROG opened at $35.36 on Friday. The stock has a market capitalization of $3.60 billion, a P/E ratio of -66.72 and a beta of 0.95. The firm’s 50-day moving average is $31.58 and its two-hundred day moving average is $30.79. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). The company had revenue of $109.06 million for the quarter, compared to analysts’ expectations of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same period in the previous year, the business posted ($0.10) EPS. As a group, analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of FROG. Future Financial Wealth Managment LLC acquired a new position in JFrog in the 3rd quarter valued at about $29,000. West Tower Group LLC purchased a new position in shares of JFrog in the third quarter valued at approximately $116,000. KBC Group NV grew its holdings in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in JFrog during the 2nd quarter worth approximately $188,000. Finally, SG Americas Securities LLC purchased a new position in JFrog in the 4th quarter valued at approximately $193,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FROG shares. DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Needham & Company LLC lifted their price objective on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Truist Financial reissued a “buy” rating and set a $35.00 target price (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, UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $37.89.

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.