JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 249,300 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the transaction, the chief technology officer directly owned 5,199,038 shares in the company, valued at $523,647,107.36. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Thursday, August 13th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $90.86, for a total transaction of $4,088,700.00.
- 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 transaction 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 value of $13,498,500.00.
JFrog Stock Performance
Shares of JFrog stock traded up $1.33 during trading hours on Monday, reaching $100.07. The company’s stock had a trading volume of 2,191,423 shares, compared to its average volume of 2,938,614. JFrog Ltd. has a one year low of $34.05 and a one year high of $105.76. The company has a market capitalization of $12.34 billion, a P/E ratio of -270.45 and a beta of 1.22. The stock’s fifty day simple moving average is $88.09 and its two-hundred day simple moving average is $67.14.
Analyst Upgrades and Downgrades
FROG has been the topic of a number of recent analyst reports. BTIG Research raised their price target on shares of JFrog from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Guggenheim upped their price objective on shares of JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Needham & Company LLC increased their price objective on shares of JFrog from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Friday, July 17th. Finally, Royal Bank Of Canada initiated coverage on shares of JFrog in a research report on Tuesday, August 25th. They set an “outperform” rating and a $118.00 target price on the stock. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $106.36.
Get Our Latest Report on JFrog
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in JFrog by 9,666.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock worth $985,121,000 after purchasing an additional 10,728,811 shares in the last quarter. Vanguard Group Inc. boosted its stake in JFrog by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after buying an additional 362,654 shares during the period. Whale Rock Capital Management LLC boosted its stake in JFrog by 82.2% during the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after buying an additional 2,389,415 shares during the period. Wasatch Advisors LP grew its position in JFrog by 187.4% during the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after buying an additional 2,710,167 shares in the last quarter. Finally, First Trust Advisors LP grew its position in JFrog by 85,066.4% during the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after buying an additional 3,358,422 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
About JFrog
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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