Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 14,300 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Yossi Sela sold 14,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the transaction, the director now owns 306,277 shares of the company’s stock, valued at $12,410,344.04. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Yossi Sela also recently made the following trade(s):

• On Wednesday, December 4th, Yossi Sela sold 25,000 shares of JFrog stock. The shares were sold at an average price of $31.86, for a total value of $796,500.00.

JFrog Trading Down 1.7 %

Shares of JFrog stock traded down $0.67 on Friday, reaching $38.53. 2,015,751 shares of the company were exchanged, compared to its average volume of 1,242,189. The stock has a fifty day moving average price of $33.56 and a 200-day moving average price of $30.80. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -61.16 and a beta of 0.97. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The company had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, equities analysts anticipate that JFrog Ltd. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FROG has been the subject of a number of analyst reports. KeyCorp reiterated an “overweight” rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Truist Financial boosted their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Scotiabank boosted their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus price target of $42.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 shares in the last quarter. abrdn plc boosted its stake in shares of JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after acquiring an additional 30,392 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after acquiring an additional 159,483 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after acquiring an additional 514,895 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of JFrog by 11.9% during the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after acquiring an additional 34,900 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.