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SUNNYVALE, CA—Simon Frederic, a director at 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, Frederic sold a total of 35,000 ordinary shares on February 11, 2025. The sales were executed at prices ranging from $35.83 to $36.42 per share, amounting to a total transaction value of approximately $1.26 million. The sale comes amid FROG's strong market performance, with the stock posting a 42% gain over the past six months, according to InvestingPro data.
The sales were conducted under a Rule 10b5-1 trading plan, which Frederic adopted on August 12, 2024. Following these transactions, Frederic now holds 4,409,432 shares of JFrog. The company maintains strong financial health with impressive gross profit margins of 78%.
JFrog Ltd, headquartered in Sunnyvale, California, is known for its software development and distribution solutions. The company’s stock is traded on the NASDAQ under the ticker symbol FROG.
In other recent news, JFrog Ltd. reported impressive fourth-quarter results, surpassing both earnings and revenue estimates. The software supply chain platform provider posted adjusted earnings per share of $0.19, exceeding the consensus estimate of $0.14. Revenue was reported at $116.1 million, a 19% increase year over year, and above the forecasted $114.25 million.
A key growth driver was JFrog's cloud revenue, which surged 37% year over year to $49.4 million, representing 43% of total revenue. The company also saw robust customer growth, with the number of clients generating over $1 million in annual recurring revenue rising 41% year over year to 52.
In addition to these results, JFrog provided a strong outlook for the first quarter and full year of 2025. The company expects Q1 revenue between $116-118 million and projects full-year 2025 revenue of $499-503 million, slightly above the consensus of $500 million. These developments highlight JFrog's increasing momentum in the software development and security markets.
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