JFrog Ltd. (NASDAQ:FROG) Chief Revenue Officer, Tali Notman, has sold 6,000 shares of the company's stock, according to a recent SEC filing. The transaction, carried out on April 5th, totaled over $255,600, with the shares sold at a weighted average price of $42.60.
The sale was conducted under a Rule 10b5-1 trading plan, which Notman had adopted on March 7, 2023. This type of plan allows company insiders to establish pre-arranged plans to buy or sell company stock at a predetermined time on a scheduled basis. The execution of these plans is often independent of any subsequent material non-public information the insider might receive.
Investors should note that the shares were sold in multiple trades at prices ranging from $42.22 to $42.87. The reported average price reflects the weighted average sale price of these transactions. Following the sale, Notman still owns 522,348 shares of JFrog Ltd., indicating a continued investment in the company's future.
JFrog, headquartered in Sunnyvale, California, specializes in prepackaged software services and has been a notable player in the tech industry. The sale by a high-level executive is a routine disclosure, and the company continues its business as usual. Interested parties can request more detailed information about the sales from the Securities and Exchange Commission, JFrog Ltd., or a security holder of the issuer.
InvestingPro Insights
As JFrog Ltd. (NASDAQ:FROG) navigates the dynamic tech industry landscape, recent financial metrics from InvestingPro provide a snapshot of the company's position. With a market capitalization of approximately $4.57 billion and a striking gross profit margin of nearly 78% for the last twelve months as of Q4 2023, JFrog demonstrates a strong ability to generate revenue from its sales.
Despite not being profitable over the last twelve months, with a reported operating income margin of -19.42%, JFrog's revenue growth remains robust, with an increase of 24.94% over the same period. The company's impressive gross profit margins are a testament to its operational efficiency and are reflected in the InvestingPro Tip highlighting JFrog's substantial gross profit of $272.86 million.
Investors might also take interest in JFrog's stock performance, which has shown a strong return over the last year with a total price return of 107.66%. This is complemented by a significant price uptick over the last six months, boasting a 73.47% return. These figures underscore the growth trajectory that JFrog has been on, despite the absence of dividend payouts to shareholders—a detail that might influence investment strategies.
For those seeking more in-depth analysis, InvestingPro offers additional insights, with a total of 12 InvestingPro Tips for JFrog, including expectations of net income growth this year and a high return over the last year. To explore these insights further and make more informed investment decisions, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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