Sela Yossi, a director at JFrog Ltd (NASDAQ:FROG), a company with impressive gross profit margins of 78% and a market capitalization of $3.39 billion, recently sold 9,552 ordinary shares of the company. The shares were sold at an average price of $31.05 per share, amounting to a total transaction value of $296,589. Following this sale, Yossi holds 320,577 shares in the company. This transaction was disclosed in a filing with the Securities and Exchange Commission. According to InvestingPro analysis, JFrog currently appears undervalued, with the company maintaining a strong balance sheet with more cash than debt. For deeper insights into insider trading patterns and access to 8 additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, JFrog Ltd. reported a solid third quarter in 2024, with total revenues increasing by 23% to $109.1 million. The company's cloud revenue saw a significant jump of 38% year-over-year, now contributing to 39% of total revenues. The acquisition of Qwak was also highlighted, a strategic move expected to enhance JFrog's offerings. Analysts have expressed concerns about future growth rates, estimating cloud growth might be closer to 38% than the projected 40%. JFrog's earnings call also revealed a steady diluted earnings per share at $0.15, consistent with the previous year. The company is anticipating Q4 revenues to be between $113.5 million and $114.5 million, with full-year revenue guidance set at $425.9 million to $426.9 million. These are among the recent developments for JFrog Ltd.
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