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SUNNYVALE, CA—Yoav Landman, the Chief Technology Officer of JFrog Ltd (NASDAQ:FROG), recently executed a significant stock transaction according to an SEC filing. On February 13, 2025, Landman sold 24,652 ordinary shares of the software company at a weighted average price of $37.43 per share. This transaction, which was part of a pre-established trading plan, amounted to a total value of approximately $922,724. The sale comes as JFrog, currently valued at $4.2 billion, maintains impressive gross profit margins of 78% and strong revenue growth of 24% year-over-year.
Prior to this sale, on February 11, 2025, Landman acquired 19,659 ordinary shares through performance-based restricted share units that were approved for vesting by JFrog's Board of Directors. These shares were awarded based on the company's total shareholder return exceeding the median of its 2024 compensation peer group. After the transactions, Landman holds 6,526,901 shares in JFrog. According to InvestingPro, the company has shown remarkable momentum with a 42% price return over the past six months.
The sales were executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks to avoid potential accusations of insider trading. The shares were sold in multiple trades with prices ranging from $37 to $37.88. InvestingPro analysis suggests the stock is currently fairly valued, with 10+ additional ProTips available to subscribers.
In other recent news, JFrog Ltd. reported impressive fourth-quarter results, exceeding analyst expectations with adjusted earnings per share of $0.19, surpassing the predicted $0.14. The company's revenue also outperformed, reaching $116.1 million, a 19% increase year-over-year (YoY) and beating the forecast of $114.25 million. Notably, JFrog's cloud revenue, a significant growth driver, experienced a 37% YoY surge to $49.4 million, representing 43% of total revenue. The company also reported robust customer growth, with clients generating over $1 million in annual recurring revenue increasing by 41% YoY to 52.
In addition to the strong results, JFrog provided an optimistic outlook for the first quarter and full-year 2025. The company anticipates Q1 revenue to fall between $116-118 million, aligning with analyst estimates, and projects full-year 2025 revenue of $499-503 million, slightly exceeding the consensus of $500 million.
These recent developments illustrate JFrog's increasing momentum in the software development and security markets. However, it's crucial to note that these are projections and actual results may vary.
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