JFrog Ltd. (NASDAQ:FROG – Get Free Report) CRO Tali Notman sold 22,015 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.95, for a total transaction of $1,848,159.25. Following the completion of the sale, the executive directly owned 706,629 shares of the company’s stock, valued at approximately $59,321,504.55. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tali Notman also recently made the following trade(s):
- On Tuesday, June 2nd, Tali Notman sold 22,854 shares of JFrog stock. The shares were sold at an average price of $86.54, for a total transaction of $1,977,785.16.
JFrog Stock Down 5.1%
FROG traded down $4.41 on Tuesday, reaching $81.26. The company had a trading volume of 2,489,783 shares, compared to its average volume of 3,056,124. JFrog Ltd. has a 1 year low of $34.05 and a 1 year high of $89.16. The stock has a market capitalization of $9.84 billion, a PE ratio of -153.32 and a beta of 1.23. The stock has a 50-day moving average price of $59.19 and a 200-day moving average price of $56.25.
Institutional Investors Weigh In On JFrog
Institutional investors and hedge funds have recently made changes to their positions in the business. Millstone Evans Group LLC raised its holdings in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after buying an additional 427 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of JFrog in the fourth quarter valued at about $30,000. Western Wealth Management LLC purchased a new stake in shares of JFrog in the first quarter valued at about $30,000. Bessemer Group Inc. purchased a new stake in shares of JFrog in the first quarter valued at about $36,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of JFrog by 318.7% in the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after buying an additional 478 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FROG. BTIG Research boosted their price target on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. William Blair reissued an “outperform” rating on shares of JFrog in a research report on Monday, February 23rd. Canaccord Genuity Group reduced their target price on shares of JFrog from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 target price on shares of JFrog in a report on Friday, May 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 target price on shares of JFrog in a report on Wednesday, April 22nd. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $77.80.
View Our Latest Report on FROG
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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