Yoav Landman Sells 15,000 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 9th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00.
• On Monday, July 15th, Yoav Landman sold 25,000 shares of JFrog stock. The shares were sold at an average price of $37.23, for a total transaction of $930,750.00.
• On Friday, July 12th, Yoav Landman sold 15,000 shares of JFrog stock. The stock was sold at an average price of $36.39, for a total transaction of $545,850.00.
• On Thursday, June 27th, Yoav Landman sold 16,277 shares of JFrog stock. The stock was sold at an average price of $36.66, for a total value of $596,714.82.
• On Tuesday, June 25th, Yoav Landman sold 400 shares of JFrog stock. The stock was sold at an average price of $35.00, for a total value of $14,000.00.

JFrog Price Performance

JFrog stock opened at $28.17 on Thursday. JFrog Ltd. has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -59.94 and a beta of 0.93. The company’s 50 day simple moving average is $31.12 and its 200 day simple moving average is $35.54.

JFrog (NASDAQ:FROG) last announced its quarterly 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). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The firm had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. As a group, analysts predict that JFrog Ltd. will post -0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group cut their price target on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. 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 target price for the company. Morgan Stanley decreased their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research report on Wednesday, September 11th. Finally, TD Cowen reduced their price objective on JFrog from $50.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.28.

Institutional Investors Weigh In On JFrog

Large investors have recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new position in shares of JFrog in the 4th quarter valued at approximately $35,000. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $44,000. Advisors Asset Management Inc. increased its position in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of JFrog during the first quarter worth $140,000. Finally, SG Americas Securities LLC acquired a new stake in shares of JFrog during the second quarter worth $187,000. 85.02% of the stock is currently owned by institutional investors.

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.