JFrog Ltd. (NASDAQ:FROG) CFO Sells $122,402.55 in Stock

JFrog Ltd. (NASDAQ:FROGGet Rating) CFO Yakov (Jacob) Shulman sold 6,261 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $19.55, for a total transaction of $122,402.55. Following the transaction, the chief financial officer now directly owns 314,661 shares in the company, valued at approximately $6,151,622.55. The transaction was disclosed in a filing with the SEC, which is available through this link.

Yakov (Jacob) Shulman also recently made the following trade(s):

  • On Monday, May 16th, Yakov (Jacob) Shulman sold 6,000 shares of JFrog stock. The shares were sold at an average price of $17.82, for a total transaction of $106,920.00.
  • On Monday, April 18th, Yakov (Jacob) Shulman sold 6,000 shares of JFrog stock. The shares were sold at an average price of $24.46, for a total transaction of $146,760.00.
  • On Wednesday, March 16th, Yakov (Jacob) Shulman sold 6,000 shares of JFrog stock. The shares were sold at an average price of $22.94, for a total transaction of $137,640.00.

Shares of FROG stock traded down $1.21 during trading hours on Monday, hitting $18.25. 2,226,898 shares of the company were exchanged, compared to its average volume of 836,343. The firm has a fifty day simple moving average of $21.87 and a 200 day simple moving average of $25.30. JFrog Ltd. has a 52-week low of $16.36 and a 52-week high of $50.31. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -23.40 and a beta of 0.89.

JFrog (NASDAQ:FROGGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). JFrog had a negative return on equity of 9.02% and a negative net margin of 33.74%. The company had revenue of $63.70 million for the quarter, compared to analysts’ expectations of $61.32 million. Research analysts forecast that JFrog Ltd. will post -0.52 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Ensign Peak Advisors Inc increased its stake in shares of JFrog by 93.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 13,430 shares of the company’s stock worth $362,000 after purchasing an additional 6,470 shares during the last quarter. State Street Corp grew its stake in JFrog by 5.2% in the 1st quarter. State Street Corp now owns 928,507 shares of the company’s stock valued at $25,023,000 after buying an additional 45,910 shares in the last quarter. Engineers Gate Manager LP grew its stake in JFrog by 7.0% in the 1st quarter. Engineers Gate Manager LP now owns 68,788 shares of the company’s stock valued at $1,854,000 after buying an additional 4,507 shares in the last quarter. Graham Capital Management L.P. purchased a new position in JFrog in the 1st quarter valued at approximately $877,000. Finally, Invesco Ltd. grew its stake in JFrog by 62.4% in the 1st quarter. Invesco Ltd. now owns 35,173 shares of the company’s stock valued at $948,000 after buying an additional 13,512 shares in the last quarter. Institutional investors own 65.75% of the company’s stock.

Several brokerages recently weighed in on FROG. Oppenheimer dropped their price target on shares of JFrog from $45.00 to $37.00 in a research report on Tuesday, May 10th. Stifel Nicolaus dropped their target price on shares of JFrog from $36.00 to $29.00 in a research report on Tuesday, May 10th. Zacks Investment Research cut shares of JFrog from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Morgan Stanley dropped their target price on shares of JFrog from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, February 14th. Finally, Needham & Company LLC dropped their target price on shares of JFrog from $32.00 to $23.00 in a research report on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $28.33.

About JFrog (Get Rating)

JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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