JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 2,152 Shares

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $75,320.00. Following the completion of the transaction, the chief financial officer now directly owns 93,597 shares in the company, valued at approximately $3,275,895. This represents a 2.25 % 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.

Eduard Grabscheid also recently made the following trade(s):

• On Monday, December 2nd, Eduard Grabscheid sold 834 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40.
• On Monday, November 18th, Eduard Grabscheid sold 347 shares of JFrog stock. The shares were sold at an average price of $30.51, for a total transaction of $10,586.97.

JFrog Price Performance

Shares of NASDAQ FROG traded down $0.47 during mid-day trading on Wednesday, reaching $35.30. 644,676 shares of the company’s stock were exchanged, compared to its average volume of 935,354. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The firm has a 50-day moving average price of $31.49 and a two-hundred day moving average price of $30.76. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.60 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). The business had revenue of $109.06 million for the quarter, compared to the consensus estimate of $105.54 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. During the same period in the previous year, the company earned ($0.10) EPS. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in JFrog in the 3rd quarter valued at approximately $29,000. KBC Group NV grew its holdings 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 buying an additional 1,105 shares in the last quarter. West Tower Group LLC acquired a new stake in shares of JFrog in the third quarter worth approximately $116,000. Sanctuary Advisors LLC purchased a new position in JFrog in the 2nd quarter worth approximately $188,000. Finally, Mackenzie Financial Corp increased its position in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FROG. Truist Financial restated a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Needham & Company LLC raised their price target on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. DA Davidson restated a “buy” rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Finally, UBS Group upped their price target 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. Three equities 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.89.

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.