JFrog (NASDAQ:FROG) CTO Yoav Landman Sells 70,000 Shares

JFrog Ltd. (NASDAQ:FROG) CTO Yoav Landman sold 70,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $69.22, for a total transaction of $4,845,400.00. Following the transaction, the chief technology officer owned 5,958,641 shares in the company, valued at approximately $412,457,130.02. The trade was a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

JFrog Trading Down 2.0%

Shares of FROG stock opened at $63.99 on Thursday. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $70.43. The company has a market capitalization of $7.57 billion, a P/E ratio of -91.41 and a beta of 1.10. The stock has a 50 day moving average of $56.38 and a two-hundred day moving average of $48.82.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $136.91 million for the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.JFrog’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Sell-side analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $70.00 price objective (up from $55.00) on shares of JFrog in a report on Friday, November 7th. Canaccord Genuity Group raised their price target on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. DA Davidson upgraded JFrog to a “strong-buy” rating in a research note on Friday, November 7th. Needham & Company LLC increased their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Robert W. Baird raised their target price on JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.35.

Institutional Trading of JFrog

Several hedge funds have recently modified their holdings of FROG. PNC Financial Services Group Inc. boosted its holdings in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after acquiring an additional 329 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in JFrog during the 3rd quarter valued at $56,000. Wilmington Savings Fund Society FSB raised its position in JFrog by 1,086.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 1,152 shares during the last quarter. RiverPark Advisors LLC acquired a new position in JFrog in the third quarter worth $103,000. Finally, Bayforest Capital Ltd bought a new stake in shares of JFrog during the first quarter worth $104,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.