JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $90.86, for a total value of $4,088,700.00. Following the sale, the chief technology officer directly owned 5,448,338 shares in the company, valued at approximately $495,035,990.68. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Friday, July 17th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $87.23, for a total value of $3,925,350.00.
- On Tuesday, July 7th, Yoav Landman sold 700 shares of JFrog stock. The stock was sold at an average price of $99.00, for a total value of $69,300.00.
- On Monday, June 29th, Yoav Landman sold 150,000 shares of JFrog stock. The stock was sold at an average price of $89.99, for a total transaction of $13,498,500.00.
- On Monday, June 1st, Yoav Landman sold 100,000 shares of JFrog stock. The shares were sold at an average price of $81.47, for a total transaction of $8,147,000.00.
JFrog Trading Down 1.6%
Shares of NASDAQ FROG traded down $1.53 during midday trading on Monday, reaching $94.64. The company had a trading volume of 1,853,273 shares, compared to its average volume of 3,004,796. JFrog Ltd. has a 1 year low of $34.05 and a 1 year high of $99.22. The business’s 50-day simple moving average is $85.58 and its 200 day simple moving average is $64.33. The stock has a market cap of $11.67 billion, a P/E ratio of -255.78 and a beta of 1.22.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of FROG. Millstone Evans Group LLC boosted its position in JFrog by 242.6% in the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of JFrog during the 1st quarter valued at approximately $30,000. Bessemer Group Inc. purchased a new position in shares of JFrog during the 1st quarter valued at approximately $36,000. Farther Finance Advisors LLC lifted its stake in shares of JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in JFrog during the fourth quarter worth $44,000. 85.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FROG. Bank of America increased their price objective on JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Barclays reaffirmed an “overweight” rating and set a $110.00 target price on shares of JFrog in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research report on Friday, July 17th. Stifel Nicolaus increased their price target on shares of JFrog from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, TD Cowen raised their price target on shares of JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Twenty-one research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.81.
Get Our Latest Analysis on JFrog
JFrog Company Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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