JFrog Ltd. (NASDAQ:FROG – Get Free Report) CFO Eduard Grabscheid sold 8,436 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $91.60, for a total transaction of $772,737.60. Following the completion of the sale, the chief financial officer owned 192,060 shares of the company’s stock, valued at $17,592,696. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Eduard Grabscheid also recently made the following trade(s):
- On Wednesday, September 2nd, Eduard Grabscheid sold 8,780 shares of JFrog stock. The stock was sold at an average price of $90.51, for a total value of $794,677.80.
JFrog Trading Down 3.3%
NASDAQ:FROG traded down $3.01 on Friday, hitting $87.60. The company’s stock had a trading volume of 1,655,976 shares, compared to its average volume of 2,924,493. The stock has a fifty day moving average of $89.29 and a two-hundred day moving average of $68.29. The firm has a market capitalization of $10.80 billion, a P/E ratio of -236.75 and a beta of 1.28. JFrog Ltd. has a one year low of $34.05 and a one year high of $105.76.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FROG shares. Stifel Nicolaus set a $102.00 price objective on shares of JFrog in a research report on Friday. Oppenheimer increased their price objective on shares of JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Truist Financial lifted their target price on shares of JFrog from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of JFrog in a research note on Monday, June 8th. Finally, Piper Sandler increased their price target on shares of JFrog from $65.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.14.
Read Our Latest Research Report on JFrog
Institutional Trading of JFrog
Institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC grew its position in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of JFrog in the first quarter valued at approximately $30,000. Bessemer Group Inc. acquired a new stake in JFrog during the first quarter worth approximately $36,000. Farther Finance Advisors LLC increased its stake in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of JFrog during the 4th quarter valued at $44,000. Institutional investors own 85.02% of the company’s stock.
More JFrog News
Here are the key news stories impacting JFrog this week:
- Positive Sentiment: DA Davidson and BTIG Research reaffirmed “Buy” ratings with $115 price targets. TD Cowen also maintained a “Buy” rating with a $120 target, while RBC reiterated “Outperform” with a $118 target. The recommendations indicate continued confidence in JFrog’s growth prospects in DevOps, software supply-chain security and artificial intelligence.
- Positive Sentiment: JFrog’s product announcements around zero-touch remediation, continuous compliance, AI-era software supply-chain security and its partnership with Wiz could expand the company’s addressable market and strengthen its competitive position. JFrog zero-touch remediation announcement
- Neutral Sentiment: JFrog’s CEO Shlomi Ben Haim sold 37,232 shares worth approximately $3.4 million to cover tax withholding related to vested equity awards. Because he retained roughly 4.5 million shares, the transaction is less significant as a discretionary bearish signal. JFrog CEO insider sale
- Negative Sentiment: Security researchers reported that attackers are exploiting a critical JFrog Artifactory vulnerability to forge administrative tokens and potentially obtain elevated access. The issue may lead to urgent customer patching, increased scrutiny of JFrog’s security practices and potential customer-retention or liability concerns. Exploited JFrog Artifactory vulnerability
- Negative Sentiment: Director Frederic Simon sold 120,000 shares for approximately $11.2 million, and reports also cited a roughly $25.1 million sale by CTO Yoav Landman. Simon’s transaction was made under a Rule 10b5-1 plan, which reduces its predictive value, but the volume of insider selling can still pressure investor sentiment.
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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