JFrog Ltd. (NASDAQ:FROG – Get Free Report) CRO Tali Notman sold 22,015 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.95, for a total value of $1,848,159.25. Following the completion of the sale, the executive owned 706,629 shares in the company, valued at $59,321,504.55. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tali Notman also recently made the following trade(s):
- On Tuesday, June 2nd, Tali Notman sold 22,854 shares of JFrog stock. The shares were sold at an average price of $86.54, for a total value of $1,977,785.16.
JFrog Trading Down 1.1%
FROG stock opened at $80.36 on Thursday. The company has a market capitalization of $9.73 billion, a PE ratio of -151.62 and a beta of 1.23. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $89.16. The business’s fifty day moving average price is $60.70 and its 200 day moving average price is $56.54.
Analyst Upgrades and Downgrades
Several research analysts recently commented on FROG shares. Barclays boosted their target price on JFrog from $75.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler lowered their target price on JFrog from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. KeyCorp boosted their target price on JFrog from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. UBS Group boosted their target price on JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Citigroup reissued a “buy” rating on shares of JFrog in a research note on Monday. Twenty investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and an average target price of $78.45.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in FROG. First Trust Advisors LP boosted its position in shares of JFrog by 85,066.4% during the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after acquiring an additional 3,358,422 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of JFrog by 187.4% during the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after acquiring an additional 2,710,167 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock worth $330,901,000 after acquiring an additional 2,389,415 shares in the last quarter. Invesco Ltd. boosted its position in shares of JFrog by 6,868.3% during the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after acquiring an additional 2,073,876 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of JFrog during the 1st quarter worth about $78,872,000. 85.02% of the stock is owned by institutional investors and hedge funds.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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