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On February 19, 2025, Sela Yossi, a director at JFrog Ltd (NASDAQ:FROG), sold a significant portion of the company’s ordinary shares. According to a recent SEC filing, Yossi sold 14,300 shares at an average price of $40.52 per share, totaling approximately $579,436. The transaction comes as JFrog, with a market capitalization of $4.3 billion, has demonstrated strong momentum with a 44% gain over the past six months.
The sale was executed through multiple trades, with prices ranging from $40.15 to $40.78. Following the transaction, Yossi holds 306,277 shares directly in the company. JFrog, known for its software solutions, continues to be closely watched by investors, and transactions like these provide insight into insider sentiment. The company maintains impressive gross profit margins of 77% and has received positive attention from analysts, with 13 recent upward earnings revisions. InvestingPro analysis reveals multiple additional growth indicators and detailed financial metrics available for subscribers.
In other recent news, JFrog reported robust fourth-quarter 2024 financial results, surpassing analyst expectations. The company achieved adjusted earnings per share of $0.19, exceeding the consensus estimate of $0.14, with revenue reaching $116.1 million, above Wall Street’s forecast of $114.25 million. JFrog’s cloud revenue grew by 37% year-over-year, contributing significantly to its overall performance. Following these strong results, several firms have adjusted their outlooks on JFrog. DA Davidson raised its price target for the company to $50, maintaining a Buy rating, citing JFrog’s cloud migrations and security adoption as 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 echoed this optimism, raising its target to $46 and noting JFrog’s impressive gains in cloud services and Enterprise+ offerings. JFrog’s financial guidance for 2025 projects revenue growth of 16%-17%, with analysts viewing this as a conservative yet promising forecast.
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