JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 45,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $89.27, for a total value of $4,017,150.00. Following the transaction, the chief technology officer owned 5,154,038 shares of the company’s stock, valued at approximately $460,100,972.26. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- On Thursday, August 27th, Yoav Landman sold 249,300 shares of JFrog stock. The stock was sold at an average price of $100.72, for a total transaction of $25,109,496.00.
- On Thursday, August 13th, Yoav Landman sold 45,000 shares of JFrog stock. The stock was sold at an average price of $90.86, for a total transaction of $4,088,700.00.
- On Friday, July 17th, Yoav Landman sold 45,000 shares of JFrog stock. The shares were sold at an average price of $87.23, for a total value of $3,925,350.00.
- On Tuesday, July 7th, Yoav Landman sold 700 shares of JFrog stock. The stock was sold at an average price of $99.00, for a total value of $69,300.00.
- On Monday, June 29th, Yoav Landman sold 150,000 shares of JFrog stock. The shares were sold at an average price of $89.99, for a total value of $13,498,500.00.
JFrog Stock Up 0.7%
Shares of FROG stock traded up $0.59 on Wednesday, hitting $87.32. The stock had a trading volume of 2,260,834 shares, compared to its average volume of 2,914,560. The business has a 50 day moving average price of $89.16 and a 200 day moving average price of $69.10. The company has a market cap of $10.77 billion, a PE ratio of -235.99 and a beta of 1.28. JFrog Ltd. has a one year low of $34.05 and a one year high of $105.76.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on FROG shares. DA Davidson reissued a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research note on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a report on Friday, July 17th. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $118.00 price objective on shares of JFrog in a research report on Thursday, September 3rd. Finally, Benchmark lifted their target price on JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.14.
Check Out Our Latest Analysis on FROG
Institutional Trading of JFrog
Several hedge funds and other institutional investors have recently made changes to their positions in FROG. California State Teachers Retirement System grew its stake in JFrog by 9,666.3% during the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock worth $985,121,000 after buying an additional 10,728,811 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in JFrog by 82.2% in the fourth 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. Wasatch Advisors LP boosted its holdings in JFrog by 187.4% in the first 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. First Trust Advisors LP grew its stake in shares of JFrog by 85,066.4% during the first 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of JFrog by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after acquiring an additional 633,231 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
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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