SUNNYVALE, CA—Yoav Landman, Chief Technology Officer at JFrog Ltd (NASDAQ:FROG), reported the sale of a significant amount of the company’s common stock. According to a recent filing with the SEC, Landman sold a total of 15,000 shares on January 10, 2025, netting approximately $473,243. The software solutions provider, which is currently valued at $3.49 billion, has shown strong financial results with impressive gross margins of 78% and strong revenue growth of 24% over the past twelve months.
These transactions were made at prices ranging from $31.33 to $31.87 per share. The sales were made pursuant to a Rule 10b5-1 trading plan, which Landman adopted in August 2024. Following these transactions, Landman holds 6,567,242 shares of JFrog. According to InvestingPro analysis, the company appears to be slightly undervalued at current levels, with analyst targets ranging from $30 to $45 per share. Discover more insights and 8 additional ProTips with a subscription to InvestingPro.
The sale reflects a strategic financial decision by Landman, who remains a key figure in JFrog’s leadership as both a director and officer. JFrog, a leading provider of software solutions, continues its operations from its headquarters in Sunnyvale, California. The company maintains a strong financial health rating according to InvestingProcomprehensive analysis.
In other recent news, JFrog Ltd. makes significant strides in its financial results and strategic decisions. The company recently reported a strong third quarter of 2024, with total revenue up 23% to $109.1 million. A notable highlight was the rise in cloud revenue, which was up 38% year-over-year and now accounts for 39% of total revenue.
JFrog’s strategic acquisition of Qwak is expected to enhance their offering, despite a cautious outlook for major migration deals in the coming year. On another front, Barclays (LON: ) Analyst Ryan MacWilliams noted the company’s recent price increases on its self-hosting Pro X and Enterprise X tiers, which could conservatively add at least $10 million to JFrog’s self-hosting revenue in fiscal 2025. Barclays maintains an excessive rating on the stock with a $38 price target.
These are recent developments that demonstrate JFrog’s ongoing efforts to increase revenue and expand its offering. It is important to note that these figures and projections are provided by the company and analysts and that they offer insight into the company’s financial condition and future expectations.
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