Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells $579,436.00 in Stock

JFrog Ltd. (NASDAQ:FROG) Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the sale, the director now directly owns 306,277 shares in the company, valued at $12,410,344.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Stock Performance

Shares of FROG opened at $38.53 on Monday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65. The business’s 50 day moving average price is $33.73 and its two-hundred day moving average price is $30.79. The firm has a market cap of $3.93 billion, a PE ratio of -61.16 and a beta of 0.97.

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). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. Research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FROG shares. Morgan Stanley lifted their price target on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Truist Financial lifted their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Stifel Nicolaus lifted their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.17.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its position in shares of JFrog by 93.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of JFrog by 9.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company’s stock worth $2,448,000 after purchasing an additional 7,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JFrog by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock worth $5,457,000 after purchasing an additional 30,035 shares during the period. Woodline Partners LP raised its position in shares of JFrog by 1,312.6% during the fourth quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock worth $12,895,000 after purchasing an additional 407,415 shares during the period. Finally, Sphera Management Technology Funds Ltd acquired a new position in shares of JFrog during the fourth quarter worth approximately $2,455,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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.