JFrog Ltd. (NASDAQ:FROG - Get Free Report) CRO Tali Notman sold 6,000 shares of the company's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $42.60, for a total transaction of $255,600.00. Following the completion of the transaction, the executive now directly owns 522,348 shares in the company, valued at approximately $22,252,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tali Notman also recently made the following trade(s):
- On Wednesday, March 6th, Tali Notman sold 7,229 shares of JFrog stock. The stock was sold at an average price of $42.15, for a total value of $304,702.35.
JFrog Stock Performance
Shares of FROG traded down $0.07 during midday trading on Monday, hitting $43.02. 374,940 shares of the stock traded hands, compared to its average volume of 1,288,730. The firm has a market capitalization of $4.38 billion, a PE ratio of -71.70 and a beta of 0.99. The business's 50 day moving average price is $41.64 and its two-hundred day moving average price is $33.08. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81.
JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The company had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. As a group, equities research analysts forecast that JFrog Ltd. will post -0.21 EPS for the current fiscal year.
Wall Street Analyst Weigh In
FROG has been the topic of several recent research reports. KeyCorp initiated coverage on JFrog in a research note on Tuesday, March 19th. They issued an "overweight" rating and a $52.00 price objective on the stock. DA Davidson boosted their price target on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Morgan Stanley upped their price target on JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Truist Financial increased their price target on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, Scotiabank began coverage on JFrog in a report on Thursday, March 7th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, JFrog has an average rating of "Moderate Buy" and an average target price of $43.46.
Check Out Our Latest Research Report on FROG
Institutional Investors Weigh In On JFrog
Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new stake in JFrog in the first quarter worth approximately $25,000. Fred Alger Management LLC acquired a new position in JFrog during the third quarter valued at approximately $35,000. Frazier Financial Advisors LLC acquired a new stake in shares of JFrog in the fourth quarter worth $35,000. Advisors Asset Management Inc. lifted its stake in shares of JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock worth $35,000 after buying an additional 829 shares during the last quarter. Finally, US Bancorp DE raised its holdings in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company's stock worth $60,000 after acquiring an additional 2,119 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.
About JFrog
(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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