JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 40,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,731,371 shares of the company's stock, valued at $260,504,057.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Yoav Landman also recently made the following trade(s):
- On Thursday, February 15th, Yoav Landman sold 110,000 shares of JFrog stock. The shares were sold at an average price of $47.28, for a total value of $5,200,800.00.
JFrog Stock Up 0.1 %
Shares of NASDAQ:FROG opened at $37.49 on Wednesday. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81. The stock has a market cap of $3.82 billion, a P/E ratio of -62.48 and a beta of 0.99. The business has a fifty day moving average of $42.29 and a two-hundred day moving average of $33.66.
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JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The business had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. On average, equities analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current year.
Hedge Funds Weigh In On JFrog
A number of institutional investors have recently modified their holdings of the business. Harbour Capital Advisors LLC increased its holdings in shares of JFrog by 32.2% in the 1st quarter. Harbour Capital Advisors LLC now owns 14,563 shares of the company's stock valued at $632,000 after acquiring an additional 3,550 shares during the period. Future Financial Wealth Managment LLC acquired a new position in JFrog in the 1st quarter valued at $44,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of JFrog in the 1st quarter worth about $271,000. Park Avenue Securities LLC purchased a new stake in shares of JFrog in the 1st quarter worth about $229,000. Finally, Quadrature Capital Ltd boosted its position in shares of JFrog by 20.5% in the 4th quarter. Quadrature Capital Ltd now owns 63,729 shares of the company's stock worth $2,206,000 after buying an additional 10,856 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
FROG has been the subject of several research analyst reports. Bank Of America (Bofa) upped their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Needham & Company LLC upped their target price on JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. TheStreet raised JFrog from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. Cantor Fitzgerald upped their target price on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Finally, DA Davidson upped their target price on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.46.
Read Our Latest Analysis on JFrog
JFrog Company Profile
(
Get Free Report)
JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.
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