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SUNNYVALE, CA—Notman Tali, Chief Revenue Officer of JFrog Ltd (NASDAQ:FROG), recently executed significant transactions involving the company’s ordinary shares, according to a recent SEC filing. The software solutions company, which maintains impressive gross profit margins of 77% and a healthy balance sheet with minimal debt, has caught the attention of analysts on InvestingPro.
On March 12, Tali sold a total of 85,295 ordinary shares, realizing approximately $2.86 million. The shares were sold at prices ranging from $33.57 to $34.30, as part of a pre-established trading plan under Rule 10b5-1. According to InvestingPro’s Fair Value analysis, the stock currently appears undervalued, with 13 analysts recently revising their earnings expectations upward.
In a related move, Tali also exercised options to acquire 85,295 shares at a price of $5.44 per share, totaling approximately $464,004. Following these transactions, Tali now holds 734,072 shares directly.
These transactions reflect Tali’s strategic management of stock options and holdings within JFrog, a company known for its software solutions.
In other recent news, JFrog Ltd. reported fourth-quarter results that exceeded analyst expectations, posting adjusted earnings per share of $0.19 against a consensus estimate of $0.14. The company also reported revenue of $116.1 million, surpassing Wall Street’s forecast of $114.25 million, marking a 19% increase year-over-year. JFrog’s cloud revenue surged 37% year-over-year to $49.4 million, comprising 43% of total revenue, reflecting strong customer growth. Additionally, JFrog has launched an integration with NVIDIA (NASDAQ:NVDA)’s NIM microservices to enhance AI model deployment, focusing on security and efficiency.
Analyst firms have shown confidence in JFrog’s performance, with DA Davidson raising its price target to $50, citing cloud migrations and security adoption as key growth drivers. Needham also increased its price target to $46, highlighting a 22% year-over-year increase in Billings and a 55% rise in Remaining Performance Obligations. Cantor Fitzgerald followed suit, raising its target to $46, after JFrog’s fourth-quarter results surpassed consensus in revenue, earnings per share, and free cash flow.
Looking ahead, JFrog provided a robust outlook for 2025, with projected revenue between $499-503 million, slightly above the consensus of $500 million. The company anticipates Q1 revenue of $116-118 million, aligning with analyst estimates. These developments underscore JFrog’s growing momentum in the software development and security markets.
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