JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid Sells 11,942 Shares

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 11,942 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $42.99, for a total transaction of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares of the company’s stock, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00.
• 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.

JFrog Price Performance

NASDAQ FROG opened at $39.20 on Friday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -62.22 and a beta of 0.97. The company’s fifty day moving average price is $33.56 and its two-hundred day moving average price is $30.80.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business 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 6.52% and a negative net margin of 16.16%. As a group, analysts anticipate that JFrog Ltd. will post -0.29 EPS for the current year.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after purchasing an additional 210,000 shares during the period. abrdn plc raised its holdings in shares of JFrog by 4.1% during the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after purchasing an additional 30,392 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing an additional 159,483 shares during the period. Principal Financial Group Inc. raised its holdings in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after purchasing an additional 514,895 shares during the period. Finally, North Peak Capital Management LLC acquired a new stake in shares of JFrog in the 3rd quarter worth about $73,417,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial upped their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC upped their target price on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Finally, Robert W. Baird upped their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

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.