JFrog Ltd. (NASDAQ:FROG) CFO Yakov (Jacob) Shulman Sells 2,021 Shares of Stock

JFrog Ltd. (NASDAQ:FROG – Get Rating) CFO Yakov (Jacob) Shulman sold 2,021 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $22.72, for a total transaction of $45,917.12. Following the completion of the sale, the chief financial officer now owns 307,974 shares in the company, valued at approximately $6,997,169.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 15th, Yakov (Jacob) Shulman sold 6,500 shares of JFrog stock. The stock was sold at an average price of $23.59, for a total transaction of $153,335.00.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $22.27 on Tuesday. The business has a fifty day moving average of $23.33 and a two-hundred day moving average of $22.62. JFrog Ltd. has a 52-week low of $16.36 and a 52-week high of $28.03. The stock has a market cap of $2.17 billion, a PE ratio of -24.47 and a beta of 0.49.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC raised their target price on JFrog from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Cantor Fitzgerald assumed coverage on JFrog in a research report on Wednesday, January 25th. They issued an “overweight” rating and a $29.00 target price for the company. Piper Sandler reduced their target price on JFrog from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, January 5th. JPMorgan Chase & Co. raised their target price on JFrog from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Finally, Bank of America raised JFrog from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $32.00 in a research report on Wednesday, January 4th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FROG. Eminence Capital LP bought a new position in shares of JFrog in the second quarter valued at about $50,188,000. Bank of New York Mellon Corp raised its holdings in shares of JFrog by 245.3% in the third quarter. Bank of New York Mellon Corp now owns 1,836,848 shares of the company’s stock valued at $40,612,000 after buying an additional 1,304,898 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of JFrog by 877.8% in the second quarter. Fiera Capital Corp now owns 1,060,477 shares of the company’s stock valued at $22,344,000 after buying an additional 952,023 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of JFrog by 455.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,097,340 shares of the company’s stock valued at $23,121,000 after buying an additional 899,673 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in JFrog by 103.0% in the second quarter. Renaissance Technologies LLC now owns 1,632,800 shares of the company’s stock worth $34,403,000 after purchasing an additional 828,500 shares during the period. 53.34% of the stock is owned by institutional investors.

JFrog Company Profile

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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.