Paradis Paul, director & president at Sezzle, sells $472k in shares
SUNNYVALE, CA—Tali Notman, the Chief Revenue Officer at JFrog Ltd (NASDAQ:FROG), recently sold 16,548 ordinary shares of the company, according to a regulatory filing. The shares were sold at a price of $36.55 each, totaling $604,829. The transaction comes as JFrog, with a market capitalization of $4.15 billion, maintains strong business fundamentals with impressive gross margins of 77% and healthy revenue growth of 22% in the last twelve months. According to InvestingPro data, the company’s stock has gained over 34% in the past six months.
The transaction was conducted on March 3, 2025, and the proceeds were used to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). InvestingPro analysis shows the company maintains a strong financial position with a current ratio of 2.04, indicating ample liquidity to meet short-term obligations. Following this transaction, Notman retains direct ownership of 744,903 shares in the company. For deeper insights into JFrog’s valuation and growth prospects, including 10 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, JFrog Ltd. reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.19, surpassing the consensus estimate of $0.14. The company also reported revenue of $116.1 million, topping Wall Street’s forecast of $114.25 million and marking a 19% year-over-year increase. JFrog’s cloud revenue surged 37% year-over-year to $49.4 million in the quarter, representing 43% of total revenue. Additionally, JFrog and NVIDIA (NASDAQ:NVDA) have launched a new platform to enhance AI model deployment, focusing on security and efficiency. This integration aims to streamline the deployment process for developers, offering a unified solution for AI and machine learning models.
Analysts at DA Davidson raised their price target for JFrog to $50, citing cloud migrations and security adoption as key growth drivers, while maintaining a Buy rating. Needham also increased their price target to $46, highlighting a 22% year-over-year increase in Billings and a 55% rise in Remaining Performance Obligations. Cantor Fitzgerald followed suit, raising their target to $46 and maintaining an Overweight rating, pointing to JFrog’s strong fourth-quarter results and optimistic financial guidance for 2025. JFrog’s management has projected a 17% growth in revenue and operating income for the fiscal year 2025, exceeding consensus expectations.
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