JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman Sells 16,548 Shares

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 16,548 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $604,829.40. Following the completion of the transaction, the executive now owns 744,903 shares in the company, valued at $27,226,204.65. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 27th, Tali Notman sold 75,635 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00.
• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The stock was sold at an average price of $31.03, for a total value of $334,844.73.

JFrog Stock Up 2.7 %

FROG opened at $36.81 on Thursday. The firm’s 50-day moving average price is $34.72 and its 200-day moving average price is $31.35. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65. The company has a market cap of $3.75 billion, a P/E ratio of -58.43 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. On average, research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the period. West Tower Group LLC acquired a new stake in shares of JFrog in the third quarter valued at about $116,000. KBC Group NV increased its stake in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of JFrog during the 4th quarter worth about $131,000. Finally, Tower Research Capital LLC TRC lifted its stake in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after buying an additional 5,297 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barclays lifted their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.17.

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.