JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman Sells 75,635 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 75,635 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the transaction, the executive now directly owns 582,394 shares in the company, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 9th, Tali Notman sold 10,791 shares of JFrog stock. The shares were sold at an average price of $31.03, for a total value of $334,844.73.
• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40.

JFrog Trading Down 1.3 %

Shares of NASDAQ:FROG opened at $35.30 on Thursday. The firm has a market capitalization of $3.60 billion, a PE ratio of -66.60 and a beta of 0.95. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The business’s 50 day moving average is $31.49 and its 200-day moving average is $30.76.

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

Wall Street Analysts Forecast Growth

FROG has been the topic of several analyst reports. UBS Group increased their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Finally, TD Cowen increased their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $37.89.

Institutional Investors Weigh In On JFrog

Several large investors have recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the period. Van ECK Associates Corp grew its holdings in shares of JFrog by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the last quarter. US Bancorp DE lifted its holdings in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after purchasing an additional 798 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in JFrog in the third quarter valued at about $29,000. Finally, KBC Group NV grew its stake in 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 during the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.