Insider Selling: JFrog Ltd. (NASDAQ:FROG) CTO Sells 15,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $25.68, for a total value of $385,200.00.
• On Monday, July 15th, Yoav Landman sold 25,000 shares of JFrog stock. The stock was sold at an average price of $37.23, for a total value of $930,750.00.
• On Friday, July 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.39, for a total transaction of $545,850.00.
• On Thursday, June 27th, Yoav Landman sold 16,277 shares of JFrog stock. The stock was sold at an average price of $36.66, for a total transaction of $596,714.82.
• 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.

JFrog Stock Performance

Shares of JFrog stock traded down $0.02 during midday trading on Tuesday, reaching $28.12. 1,100,387 shares of the company’s stock traded hands, compared to its average volume of 1,322,184. JFrog Ltd. has a 52 week low of $21.38 and a 52 week high of $48.81. The company’s 50 day simple moving average is $31.41 and its 200 day simple moving average is $35.71. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -60.28 and a beta of 0.93.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The business had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. As a group, equities research analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FROG shares. Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. UBS Group dropped their price target on JFrog from $41.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Scotiabank decreased their price objective on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Bank of America lowered their target price on JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley reduced their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three investment 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 company. According to data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and an average price target of $36.28.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in JFrog during the second quarter worth approximately $188,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JFrog by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,427 shares of the company’s stock worth $805,000 after buying an additional 1,368 shares during the last quarter. Algert Global LLC boosted its holdings in shares of JFrog by 60.0% during the 2nd quarter. Algert Global LLC now owns 131,900 shares of the company’s stock worth $4,953,000 after buying an additional 49,461 shares during the period. Mackenzie Financial Corp grew its stake in JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in JFrog in the 2nd quarter valued at $222,000. 85.02% of the stock is owned by institutional investors.

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.