Yoav Landman Sells 15,889 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,889 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.15, for a total value of $574,387.35. Following the completion of the transaction, the chief technology officer now directly owns 6,547,242 shares of the company’s stock, valued at approximately $236,682,798.30. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The stock was sold at an average price of $36.07, for a total value of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $31.55, for a total value of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Stock Performance

JFrog stock opened at $36.04 on Friday. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The business has a 50 day simple moving average of $31.97 and a 200 day simple moving average of $30.72.

JFrog (NASDAQ:FROG) last released its quarterly earnings results 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). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC increased its stake in shares of JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after buying an additional 365,376 shares during the period. 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 stake in shares of JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after purchasing an additional 593,478 shares during the period. Wasatch Advisors LP grew its stake in shares of JFrog by 6.2% during the third quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock worth $62,171,000 after purchasing an additional 124,420 shares during the period. Finally, Praesidium Investment Management Company LLC grew its stake in shares of JFrog by 34.7% during the third quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock worth $45,932,000 after purchasing an additional 407,492 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on FROG shares. UBS Group upped their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Robert W. Baird upped their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus target price 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.