Insider Selling: JFrog Ltd. (NASDAQ:FROG) CRO Sells $334,844.73 in Stock

JFrog Ltd. (NASDAQ:FROG) CRO Tali Notman sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $31.03, for a total transaction of $334,844.73. Following the completion of the sale, the executive now directly owns 514,394 shares in the company, valued at $15,961,645.82. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tali Notman also recently made the following trade(s):

• On Monday, December 2nd, Tali Notman sold 11,529 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40.

JFrog Price Performance

Shares of NASDAQ FROG opened at $30.41 on Friday. The business has a 50-day moving average of $30.51 and a two-hundred day moving average of $31.38. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -57.38 and a beta of 0.94. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in JFrog by 4.6% in the third quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock valued at $2,304,000 after purchasing an additional 3,507 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of JFrog by 99.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock valued at $321,000 after buying an additional 4,967 shares in the last quarter. Ashford Capital Management Inc. grew its position in shares of JFrog by 33.1% in the 3rd quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock valued at $11,078,000 after buying an additional 94,840 shares during the last quarter. Geode Capital Management LLC raised its stake in JFrog by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after acquiring an additional 2,183 shares in the last quarter. Finally, Vestcor Inc lifted its position in JFrog by 180.0% in the third quarter. Vestcor Inc now owns 70,000 shares of the company’s stock valued at $2,033,000 after acquiring an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FROG. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. Needham & Company LLC raised their target price on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen increased their price target on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Scotiabank lifted their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Company Profile

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.