JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman Sells 20,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.56, for a total value of $711,200.00. Following the completion of the transaction, the chief technology officer now owns 6,456,901 shares of the company’s stock, valued at approximately $229,607,399.56. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Yoav Landman also recently made the following trade(s):

• On Thursday, February 13th, Yoav Landman sold 24,652 shares of JFrog stock. The shares were sold at an average price of $37.43, for a total value of $922,724.36.
• On Monday, February 10th, Yoav Landman sold 100 shares of JFrog stock. The shares were sold at an average price of $37.00, for a total value of $3,700.00.
• On Thursday, February 6th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $36.19, for a total value of $542,850.00.
• On Tuesday, February 4th, Yoav Landman sold 15,889 shares of JFrog stock. The shares were sold at an average price of $36.15, for a total value of $574,387.35.
• On Tuesday, January 28th, Yoav Landman sold 4,111 shares of JFrog stock. The shares were sold at an average price of $36.07, for a total value of $148,283.77.
• On Friday, January 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $31.55, for a total value of $473,250.00.
• On Thursday, December 12th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $30.26, for a total value of $453,900.00.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $33.57 on Tuesday. JFrog Ltd. has a one year low of $22.91 and a one year high of $46.65. The stock has a fifty day moving average of $34.97 and a 200-day moving average of $31.54. The company has a market capitalization of $3.42 billion, a PE ratio of -53.29 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group boosted their price objective on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays boosted their price objective on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley boosted their price objective on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial boosted their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $41.06.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Probity Advisors Inc. acquired a new stake in shares of JFrog during the 4th quarter valued at $222,000. Mackenzie Financial Corp lifted its holdings in shares of JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock valued at $58,703,000 after purchasing an additional 965,912 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of JFrog by 9.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company’s stock valued at $2,448,000 after purchasing an additional 7,494 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JFrog by 19.3% in 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 valued at $5,457,000 after purchasing an additional 30,035 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of JFrog by 1,312.6% in the fourth quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock valued at $12,895,000 after purchasing an additional 407,415 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.