JFrog Ltd. (NASDAQ:FROG – Get Free Report) CRO Tali Notman sold 21,097 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $41.28, for a total value of $870,884.16. Following the completion of the transaction, the executive directly owned 752,598 shares of the company’s stock, valued at approximately $31,067,245.44. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Tali Notman also recently made the following trade(s):
- On Monday, March 2nd, Tali Notman sold 35,856 shares of JFrog stock. The shares were sold at an average price of $4,015.00, for a total transaction of $143,961,840.00.
JFrog Price Performance
FROG traded up $1.59 on Monday, reaching $42.18. 2,689,711 shares of the company’s stock were exchanged, compared to its average volume of 3,500,075. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $70.43. The stock has a market cap of $5.05 billion, a PE ratio of -68.03 and a beta of 1.20. The stock’s fifty day moving average price is $52.48 and its 200-day moving average price is $53.65.
Institutional Trading of JFrog
Institutional investors and hedge funds have recently bought and sold shares of the stock. Whale Rock Capital Management LLC lifted its position 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 valued at $330,901,000 after buying an additional 2,389,415 shares during the last quarter. Invesco Ltd. boosted its stake in JFrog by 6,868.3% during the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after buying an additional 2,073,876 shares during the period. Anatole Investment Management Ltd acquired a new stake in shares of JFrog during the fourth quarter valued at about $86,557,000. Morgan Stanley raised its stake in shares of JFrog by 550.2% in the 4th quarter. Morgan Stanley now owns 1,562,151 shares of the company’s stock valued at $97,572,000 after acquiring an additional 1,321,899 shares during the period. Finally, Norges Bank purchased a new stake in shares of JFrog in the 4th quarter valued at approximately $76,427,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Evercore set a $80.00 price target on JFrog in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research report on Thursday, January 22nd. KeyCorp lifted their target price on shares of JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Barclays boosted their target price on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, Morgan Stanley set a $70.00 price target on shares of JFrog in a research note on Monday, February 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.
Read Our Latest Research Report on FROG
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.
Recommended Stories
- Five stocks we like better than JFrog
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.
