JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 150,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $89.99, for a total transaction of $13,498,500.00. Following the sale, the chief technology officer owned 5,539,038 shares of the company’s stock, valued at $498,458,029.62. This trade represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Monday, June 1st, Yoav Landman sold 100,000 shares of JFrog stock. The stock was sold at an average price of $81.47, for a total value of $8,147,000.00.
- On Thursday, May 14th, Yoav Landman sold 75,000 shares of JFrog stock. The stock was sold at an average price of $64.22, for a total value of $4,816,500.00.
- On Friday, April 10th, Yoav Landman sold 15,000 shares of JFrog stock. The shares were sold at an average price of $42.87, for a total value of $643,050.00.
JFrog Stock Down 0.5%
FROG opened at $90.39 on Thursday. The firm has a market capitalization of $10.95 billion, a P/E ratio of -170.55 and a beta of 1.20. The stock’s 50 day moving average price is $71.49 and its two-hundred day moving average price is $58.56. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $93.12.
Hedge Funds Weigh In On JFrog
Several hedge funds and other institutional investors have recently modified their holdings of FROG. Snowden Capital Advisors LLC boosted its stake in JFrog by 1.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after buying an additional 253 shares in the last quarter. Park Avenue Securities LLC raised its stake in JFrog by 3.1% during the fourth quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock worth $585,000 after acquiring an additional 279 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in JFrog by 2.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock worth $948,000 after acquiring an additional 299 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in shares of JFrog by 8.0% during the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock valued at $208,000 after acquiring an additional 330 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of JFrog by 5.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock valued at $326,000 after purchasing an additional 377 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on FROG shares. Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Cantor Fitzgerald restated an “overweight” rating on shares of JFrog in a report on Monday, June 15th. BTIG Research upped their price objective on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Guggenheim upped their price objective on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $80.00 target price on shares of JFrog in a research note on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $81.62.
Check Out Our Latest Stock Analysis on FROG
JFrog Company Profile
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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