On September 9, 2024, Tali Notman, Chief Revenue Officer of JFrog Ltd (FROG, Financial), executed a sale of 10,699 shares of the company at a price of $28.29 per share. This transaction was filed on September 11, 2024, as reported in the SEC Filing. Following this sale, the insider now owns 536,714 shares of JFrog Ltd.
JFrog Ltd specializes in providing software release automation solutions that allow developers to build and release software faster and more securely. The company's platform integrates with various popular development tools and platforms, making it a critical component in the continuous integration and continuous delivery (CI/CD) pipeline for software development.
Over the past year, Tali Notman has sold a total of 166,072 shares and has not purchased any shares. This recent transaction continues a trend observed over the past year, where there have been 77 insider sells and no insider buys at JFrog Ltd.
The shares of JFrog Ltd were trading at $28.29 on the day of the sale, giving the company a market cap of approximately $3.06 billion. According to the GF Value, the intrinsic value of the stock is estimated at $35.94, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.79.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence in the company's future prospects or for other strategic reasons.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
