JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Yoav Landman also recently made the following trade(s):
FROG traded up $0.14 during trading on Tuesday, reaching $31.60. 1,631,291 shares of the stock were exchanged, compared to its average volume of 1,310,889. The stock has a market cap of $3.22 billion, a P/E ratio of -66.94 and a beta of 0.94. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81. The stock's 50 day moving average price is $28.04 and its two-hundred day moving average price is $33.66.
JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The firm had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. Equities research analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its holdings in shares of JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company's stock valued at $62,885,000 after purchasing an additional 1,052,800 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock valued at $32,903,000 after purchasing an additional 856,451 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock valued at $49,943,000 after purchasing an additional 841,956 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of JFrog in the first quarter valued at $35,520,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of JFrog in the second quarter valued at $30,098,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on FROG. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $35.00 price target on shares of JFrog in a research note on Wednesday, September 11th. Robert W. Baird began coverage on shares of JFrog in a research note on Tuesday, August 27th. They issued an "outperform" rating and a $32.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of JFrog in a research note on Monday, September 16th. UBS Group cut their price target on shares of JFrog from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Barclays cut their price target on shares of JFrog from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average price target of $36.28.
Check Out Our Latest Stock Report on 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.
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