JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman Sells 5,882 Shares

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 5,882 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $37.51, for a total value of $220,633.82. Following the sale, the executive now directly owns 559,034 shares in the company, valued at approximately $20,969,365.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 13th, Tali Notman sold 34,748 shares of JFrog stock. The stock was sold at an average price of $33.96, for a total value of $1,180,042.08.
• On Friday, April 5th, Tali Notman sold 6,000 shares of JFrog stock. The shares were sold at an average price of $42.60, for a total value of $255,600.00.

JFrog Stock Down 0.8 %

FROG traded down $0.30 on Wednesday, hitting $35.69. 815,744 shares of the company traded hands, compared to its average volume of 1,264,604. The company has a 50 day moving average of $35.21 and a 200-day moving average of $37.36. JFrog Ltd. has a 12-month low of $21.38 and a 12-month high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. As a group, research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current year.

Institutional Investors Weigh In On JFrog

Hedge funds have recently made changes to their positions in the business. Cornercap Investment Counsel Inc. grew its stake in JFrog by 1.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock worth $1,584,000 after purchasing an additional 535 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of JFrog in the first quarter valued at $26,000. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of JFrog by 6.0% in the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after buying an additional 879 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in JFrog during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the topic of a number of research analyst reports. Barclays initiated coverage on JFrog in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $50.00 price target on the stock. Cantor Fitzgerald lifted their target price on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of JFrog in a report on Tuesday, June 25th. DA Davidson upped their price target on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Finally, Oppenheimer upped their price target on JFrog from $41.00 to $48.00 in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.93.

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.