JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $89.99, for a total transaction of $13,498,500.00. Following the completion of the sale, the chief technology officer directly owned 5,539,038 shares of the company’s stock, valued at approximately $498,458,029.62. The trade was a 2.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were 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 stock was sold at an average price of $42.87, for a total value of $643,050.00.
JFrog Trading Down 0.5%
Shares of FROG stock traded down $0.49 on Wednesday, reaching $90.39. 2,912,873 shares of the company’s stock were exchanged, compared to its average volume of 3,181,843. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $93.12. The stock has a market capitalization of $10.95 billion, a PE ratio of -170.55 and a beta of 1.23. The company’s fifty day simple moving average is $70.60 and its 200 day simple moving average is $58.40.
Analyst Ratings Changes
Several research analysts recently commented on FROG shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price target on shares of JFrog in a research note on Friday, May 8th. Bank of America upped their target price on shares of JFrog from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. UBS Group raised their target price on shares of JFrog from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. TD Cowen lifted their price target on shares of JFrog from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of JFrog in a report on Monday, June 15th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average target price of $81.62.
Read Our Latest Stock Analysis on JFrog
Institutional Trading of JFrog
A number of hedge funds have recently added to or reduced their stakes in the business. Millstone Evans Group LLC grew its holdings in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after acquiring an additional 427 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of JFrog in the 4th quarter valued at about $30,000. Western Wealth Management LLC purchased a new stake in shares of JFrog in the 1st quarter worth approximately $30,000. Bessemer Group Inc. bought a new position in shares of JFrog during the first quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.
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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