JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 75,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $64.22, for a total transaction of $4,816,500.00. Following the completion of the sale, the chief technology officer owned 5,753,437 shares in the company, valued at approximately $369,485,724.14. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yoav Landman also recently made the following trade(s):
- 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 transaction of $643,050.00.
JFrog Trading Up 3.6%
Shares of JFrog stock opened at $73.99 on Friday. The company’s 50-day moving average price is $51.03 and its two-hundred day moving average price is $54.35. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $74.17. The stock has a market cap of $8.96 billion, a PE ratio of -139.60 and a beta of 1.02.
Wall Street Analyst Weigh In
Several research firms have issued reports on FROG. Wall Street Zen downgraded JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. JPMorgan Chase & Co. boosted their price objective on JFrog from $68.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Raymond James Financial restated an “outperform” rating and set a $70.00 price objective on shares of JFrog in a report on Thursday, February 26th. Canaccord Genuity Group cut their price objective on JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Needham & Company LLC boosted their price objective on JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.89.
Check Out Our Latest Report on JFrog
Hedge Funds Weigh In On JFrog
Institutional investors and hedge funds have recently bought and sold shares of the business. Public Sector Pension Investment Board purchased a new position in JFrog during the 3rd quarter valued at about $3,247,000. HighTower Advisors LLC grew its stake in shares of JFrog by 452.1% in the 3rd quarter. HighTower Advisors LLC now owns 56,821 shares of the company’s stock valued at $2,689,000 after buying an additional 46,529 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of JFrog in the 3rd quarter valued at approximately $6,697,000. UBS Group AG grew its stake in shares of JFrog by 293.8% in the 4th quarter. UBS Group AG now owns 296,419 shares of the company’s stock valued at $18,514,000 after buying an additional 221,155 shares in the last quarter. Finally, Wilson Asset Management International PTY Ltd. bought a new stake in shares of JFrog in the 3rd quarter valued at approximately $3,133,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
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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