JFrog Ltd. (NASDAQ:FROG - Get Free Report) CFO Eduard Grabscheid sold 6,672 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $243,861.60. Following the sale, the chief financial officer now owns 166,236 shares in the company, valued at approximately $6,075,925.80. The trade was a 3.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Eduard Grabscheid also recently made the following trade(s):
- On Friday, February 14th, Eduard Grabscheid sold 11,942 shares of JFrog stock. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58.
- On Monday, January 27th, Eduard Grabscheid sold 2,152 shares of JFrog stock. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00.
JFrog Price Performance
Shares of FROG stock opened at $36.81 on Thursday. The company has a market capitalization of $3.75 billion, a P/E ratio of -58.43 and a beta of 0.95. The company's 50-day simple moving average is $34.72 and its two-hundred day simple moving average is $31.35. JFrog Ltd. has a one year low of $22.91 and a one year high of $46.65.
JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. On average, research analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on FROG shares. Morgan Stanley increased their price target on shares of JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Truist Financial lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC boosted their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Finally, Barclays lifted their target price on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.17.
Check Out Our Latest Stock Analysis on JFrog
Institutional Investors Weigh In On JFrog
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after acquiring an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after buying an additional 365,376 shares during the last quarter. North Peak Capital Management LLC purchased a new position in shares of JFrog in the third quarter worth $73,417,000. Champlain Investment Partners LLC raised its holdings in shares of JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after buying an additional 797,949 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock worth $68,969,000 after buying an additional 593,478 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.
JFrog Company Profile
(
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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