On June 26, 2024, Yoav Landman, Chief Technology Officer of JFrog Ltd (NASDAQ:FROG), executed a sale of 31,373 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 6,713,519 shares of JFrog Ltd stock.
JFrog Ltd specializes in providing software release automation solutions that enable continuous software updates for any system. The company’s platform is designed to improve the speed, efficiency and security of the software development and delivery process.
Over the past year, Yoav Landman has sold a total of 591,192 shares and hasn’t bought any shares in the company.This recent sale is part of a broader trend observed over the past year, where JFrog Ltd has seen 84 insider sales and no insider purchases.
JFrog Ltd shares traded at $35.92 on the day of trading, giving the company a market capitalization of approximately $3.98 billion. According to GF Value, the company’s shares are considered fairly valued with a price to GF Value ratio of 0.99.
GF Value is calculated based on historical multiples such as price-to-earnings, price-to-sales, price-to-book and price-to-free cash flow multiples, adjusted for a company’s past performance and expected future business results.
This insider selling may interest investors who track insider behavior as an indicator of their confidence in a company’s future prospects, but it’s essential to consider broader market conditions and a more comprehensive financial analysis when making any investment decision.
This article written by GuruFocus is intended to provide general insights and is not tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment guidance. It is not a recommendation to buy or sell stocks, nor does it take into account individual investment objectives or financial situation. Our objective is to provide long-term, fundamental data-driven analysis. Please note that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus has no position in the stocks mentioned herein.
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