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SUNNYVALE, CA—Yoav Landman, the Chief Technology Officer of JFrog Ltd (NASDAQ:FROG), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Landman sold a total of 50,000 shares on February 14, 2025. The transactions were executed at prices ranging from $39.83 to $41.63 per share, amounting to a total value of approximately $1.99 million. The sale comes as JFrog’s stock has shown remarkable strength, posting a 53% gain over the past six months.
These sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling shares. Following these transactions, Landman retains ownership of 6,476,901 shares in JFrog.
The sales were executed in multiple trades, with the first batch of 48,092 shares sold at a weighted average price of $39.83, and the remaining 1,908 shares sold at a weighted average price of $41.63. The specific prices within these ranges were not disclosed, but the weighted averages reflect the overall transaction values.
Landman, who is both a director and an officer at JFrog, continues to hold a significant stake in the company, which specializes in software development and management solutions.
In other recent news, JFrog has reported fourth-quarter results that surpassed analyst expectations, with adjusted earnings per share reaching $0.19, above the consensus estimate of $0.14. The company’s revenue for the quarter was $116.1 million, exceeding Wall Street’s forecast of $114.25 million and reflecting a 19% increase year-over-year. JFrog’s cloud revenue grew 37% year-over-year to $49.4 million, making up 43% of the total revenue. The company also saw significant customer growth, with the number of clients generating over $1 million in annual recurring revenue increasing by 41% year-over-year to 52.
In response to these strong financial results, several firms have adjusted their price targets for JFrog. DA Davidson raised its price target to $50, maintaining a Buy rating, citing the company’s cloud migrations and security adoption as key growth drivers. Needham increased its price target to $46, noting JFrog’s 22% year-over-year increase in Billings and a 55% rise in Remaining Performance Obligations. Cantor Fitzgerald also raised its price target to $46, highlighting JFrog’s impressive performance in revenue, earnings per share, and free cash flow.
Looking forward, JFrog has provided an optimistic outlook for 2025, expecting revenue growth of 16%-17% year-over-year. The company projects first-quarter revenue between $116-118 million and full-year 2025 revenue of $499-503 million, slightly above the consensus of $500 million. Despite a cautious approach due to volatility in large deal closures, analysts remain positive about JFrog’s financial trajectory.
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