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

JFrog Ltd. (NASDAQ:FROG) CFO Eduard Grabscheid sold 11,942 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the completion of the transaction, the chief financial officer now owns 172,406 shares in the company, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value 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 value of $25,520.40.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $39.82 on Thursday. The business’s fifty day moving average price is $33.39 and its two-hundred day moving average price is $30.74. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -63.21 and a beta of 0.97.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.52% and a negative net margin of 16.16%. The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. Research analysts expect that JFrog Ltd. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FROG. Assenagon Asset Management S.A. increased its holdings in JFrog by 54.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after purchasing an additional 95,004 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of JFrog during the third quarter worth $275,000. abrdn plc increased its stake in shares of JFrog by 9.4% in the third quarter. abrdn plc now owns 741,810 shares of the company’s stock valued at $21,483,000 after buying an additional 63,840 shares in the last quarter. Roubaix Capital LLC raised its holdings in shares of JFrog by 2.4% in the third quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock valued at $2,597,000 after buying an additional 2,111 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its position in JFrog by 0.6% during the 3rd quarter. Meitav Investment House Ltd. now owns 882,005 shares of the company’s stock worth $25,589,000 after buying an additional 5,377 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FROG. Scotiabank raised their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. KeyCorp restated an “overweight” rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Truist Financial raised 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. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog 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.