JFrog’s chief revenue officer sells shares worth $1.05 million

SUNNYVALE, CA—Tali Notman, Chief Revenue Officer of JFrog Ltd (NASDAQ:FROG), recently sold 24,555 ordinary shares of the company, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $42.94 each, totaling approximately $1.05 million. The transaction comes as JFrog, currently valued at $4.9 billion, trades near its 52-week high after posting a strong 35% gain over the past six months.InvestingPro analysis shows the company maintains impressive gross margins of 76% and healthy liquidity with a current ratio of 2.14. Subscribers can access 13 additional ProTips and a comprehensive Pro Research Report for deeper insights.

The sale, recorded on June 2, 2025, was conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) and was not a discretionary sale by Notman. Following the transaction, Notman holds 709,517 shares directly.

In other recent news, JFrog Ltd. reported its first-quarter 2025 earnings, showing strong performance with earnings per share of $0.20, surpassing the forecasted $0.15. The company’s revenue reached $122.4 million, exceeding expectations of $117.39 million, marking a 22% year-over-year increase driven by robust cloud growth. Analysts at Stifel, TD Cowen, and DA Davidson have all maintained a Buy rating on JFrog, with price targets ranging from $45 to $50, reflecting confidence in the company’s growth prospects. JFrog’s cloud segment grew 42% year-over-year, now accounting for 43% of total revenue, which has contributed to the company’s optimistic financial outlook for fiscal year 2025.

JFrog also announced a significant E+ contract with a leading AI company, further underscoring its expanding influence in the industry. Despite the positive outcomes, JFrog’s management has taken a conservative approach to their full-year 2025 guidance, choosing not to factor in the continuation of the higher consumption trends observed this quarter. The company did, however, raise its forecast for FY25 cloud growth by 100 basis points, reflecting a confident outlook in that area. Additionally, the appointment of Sunny Rao as Senior Vice President of Asia Pacific sales aims to further bolster JFrog’s expansion efforts in the APAC region.

The firm’s analysts highlighted JFrog’s strong start to the year, driven by the company’s ability to capitalize on the growing trend of cloud adoption and the increasing need for security solutions. The company continues to focus on platform consolidation and cloud migration, areas that have seen increased demand. JFrog’s strategic moves and the expected positive impact on its growth trajectory have positioned it as a top pick for investors in 2025.

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