JFrog Ltd. (NASDAQ:FROG – Get Free Report) CRO Tali Notman sold 21,097 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $41.28, for a total transaction of $870,884.16. Following the sale, the executive directly owned 752,598 shares of the company’s stock, valued at approximately $31,067,245.44. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Tali Notman also recently made the following trade(s):
- On Monday, March 2nd, Tali Notman sold 35,856 shares of JFrog stock. The stock was sold at an average price of $4,015.00, for a total transaction of $143,961,840.00.
JFrog Price Performance
JFrog stock opened at $40.91 on Wednesday. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $70.43. The firm has a fifty day moving average price of $51.51 and a two-hundred day moving average price of $53.57. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -65.98 and a beta of 1.20.
Analyst Upgrades and Downgrades
Several brokerages have commented on FROG. UBS Group set a $60.00 price target on JFrog in a research report on Friday, February 13th. TD Cowen raised their price objective on shares of JFrog from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Evercore set a $80.00 target price on shares of JFrog in a research note on Thursday, February 26th. Finally, Piper Sandler reduced their price target on shares of JFrog from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.
Read Our Latest Report on FROG
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in JFrog by 48.4% during the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock worth $6,053,000 after buying an additional 61,685 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of JFrog in the 1st quarter valued at $205,000. AQR Capital Management LLC bought a new position in shares of JFrog during the 1st quarter worth about $368,000. Integrated Wealth Concepts LLC acquired a new stake in shares of JFrog during the 1st quarter valued at about $203,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of JFrog by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after acquiring an additional 88,784 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.
JFrog Company Profile
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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