Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 16,277 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 16,277 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $36.66, for a total value of $596,714.82. Following the transaction, the chief technology officer now owns 6,697,242 shares of the company’s stock, valued at $245,520,891.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, June 25th, Yoav Landman sold 400 shares of JFrog stock. The stock was sold at an average price of $35.00, for a total transaction of $14,000.00.
• On Wednesday, June 12th, Yoav Landman sold 2,250 shares of JFrog stock. The shares were sold at an average price of $35.28, for a total transaction of $79,380.00.
• On Friday, June 7th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $32.35, for a total transaction of $485,250.00.
• On Friday, May 10th, Yoav Landman sold 15,100 shares of JFrog stock. The stock was sold at an average price of $33.27, for a total value of $502,377.00.
• On Friday, April 12th, Yoav Landman sold 40,000 shares of JFrog stock. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00.

JFrog Stock Down 0.8 %

Shares of FROG stock opened at $35.69 on Thursday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of -75.94 and a beta of 0.96. JFrog Ltd. has a 12-month low of $21.38 and a 12-month high of $48.81. The firm has a fifty day moving average of $35.13 and a 200-day moving average of $37.35.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FROG. Arcadia Investment Management Corp MI acquired a new stake in shares of JFrog during the first quarter worth $26,000. Frazier Financial Advisors LLC bought a new stake in shares of JFrog in the fourth quarter valued at about $35,000. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog during the first quarter worth about $44,000. Fred Alger Management LLC bought a new position in shares of JFrog during the third quarter worth about $35,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. KeyCorp decreased their target price on JFrog from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Scotiabank decreased their price objective on shares of JFrog from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Friday, May 10th. FBN Securities started coverage on shares of JFrog in a research note on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 target price for the company. Barclays assumed coverage on shares of JFrog in a research report on Wednesday, June 26th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, UBS Group assumed coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and an average price target of $43.93.

JFrog Company Profile

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.