JFrog Ltd. (NASDAQ:FROG – Get Free Report) CTO Yoav Landman sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $57.71, for a total transaction of $2,596,950.00. Following the sale, the chief technology officer directly owned 5,868,641 shares of the company’s stock, valued at approximately $338,679,272.11. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Yoav Landman also recently made the following trade(s):
- On Wednesday, December 10th, Yoav Landman sold 70,000 shares of JFrog stock. The shares were sold at an average price of $69.22, for a total transaction of $4,845,400.00.
JFrog Stock Performance
FROG opened at $56.96 on Friday. The company has a fifty day moving average price of $62.04 and a two-hundred day moving average price of $52.20. The firm has a market capitalization of $6.74 billion, a PE ratio of -81.37 and a beta of 1.13. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $70.43.
Analyst Ratings Changes
FROG has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and issued a $70.00 price target (up from $55.00) on shares of JFrog in a research report on Friday, November 7th. TD Cowen reaffirmed a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Cantor Fitzgerald increased their target price on shares of JFrog from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Canaccord Genuity Group lifted their price target on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, BTIG Research started coverage on shares of JFrog in a report on Tuesday, December 16th. They issued a “buy” rating and a $83.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average price target of $65.71.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Verdence Capital Advisors LLC lifted its position in JFrog by 2.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock valued at $481,000 after acquiring an additional 253 shares in the last quarter. Snowden Capital Advisors LLC increased its holdings in JFrog by 1.7% during the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after purchasing an additional 253 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of JFrog by 3.1% in the 4th quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock valued at $585,000 after purchasing an additional 279 shares during the period. Arizona State Retirement System raised its stake in shares of JFrog by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock valued at $1,362,000 after purchasing an additional 362 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of JFrog by 5.8% in the third quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock valued at $326,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.
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.
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