Eduard Grabscheid Sells 6,672 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 6,672 shares of JFrog stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $243,861.60. Following the completion of the transaction, the chief financial officer now owns 166,236 shares of the company’s stock, valued at approximately $6,075,925.80. This trade represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, February 14th, Eduard Grabscheid sold 11,942 shares of JFrog stock. The stock was sold at an average price of $42.99, for a total value of $513,386.58.
• 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 value of $75,320.00.

JFrog Stock Down 5.7 %

Shares of NASDAQ FROG opened at $34.71 on Friday. The business has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $31.38. The firm has a market cap of $3.54 billion, a PE ratio of -55.10 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock worth $259,882,000 after acquiring an additional 349,532 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after acquiring an additional 365,376 shares in the last quarter. North Peak Capital Management LLC bought a new position in shares of JFrog in the 3rd quarter worth $73,417,000. Champlain Investment Partners LLC raised its position in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock worth $71,961,000 after acquiring an additional 797,949 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank lifted their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. KeyCorp restated an “overweight” rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Stifel Nicolaus boosted their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays boosted their price objective on JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Three investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.