Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 20,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.56, for a total transaction of $711,200.00. Following the completion of the sale, the chief technology officer now owns 6,456,901 shares in the company, valued at $229,607,399.56. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The stock was sold at an average price of $37.00, for a total transaction of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The stock was sold at an average price of $36.15, for a total value of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The shares were 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 transaction of $453,900.00.

JFrog Stock Performance

FROG opened at $33.46 on Thursday. The stock has a fifty day moving average of $35.14 and a 200-day moving average of $31.60. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The company has a market capitalization of $3.41 billion, a P/E ratio of -53.11 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $114.16 million. On average, equities research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FROG has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. KeyCorp reiterated an “overweight” rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group lifted their target price on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. 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 company’s stock. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Institutional Investors Weigh In On JFrog

A number of large investors have recently added to or reduced their stakes in the stock. North Peak Capital Management LLC acquired a new position in JFrog in the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC increased its position in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the period. Norges Bank acquired a new position in JFrog in the fourth quarter valued at about $32,878,000. Massachusetts Financial Services Co. MA bought a new stake in JFrog during the third quarter worth about $32,401,000. Finally, Raymond James Financial Inc. acquired a new stake in JFrog during the fourth quarter worth about $30,554,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.