Ben Haim Shlomi Sells 35,550 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ben Haim Shlomi also recently made the following trade(s):

• On Friday, September 6th, Ben Haim Shlomi sold 16,714 shares of JFrog stock. The shares were sold at an average price of $28.21, for a total transaction of $471,501.94.
• On Tuesday, September 3rd, Ben Haim Shlomi sold 20,606 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36.

JFrog Stock Up 0.4 %

Shares of NASDAQ:FROG traded up $0.14 during trading on Tuesday, reaching $31.60. The stock had a trading volume of 1,631,291 shares, compared to its average volume of 1,310,889. JFrog Ltd. has a 52 week low of $21.38 and a 52 week high of $48.81. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -66.94 and a beta of 0.94. The stock has a fifty day simple moving average of $28.04 and a two-hundred day simple moving average of $33.66.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. On average, analysts forecast that JFrog Ltd. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler reduced their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Canaccord Genuity Group reduced their price target on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.28.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently bought and sold shares of FROG. Vanguard Group Inc. boosted its stake in shares of JFrog by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock valued at $244,192,000 after purchasing an additional 23,030 shares in the last quarter. Quadrature Capital Ltd lifted its position in JFrog by 20.5% during the 4th quarter. Quadrature Capital Ltd now owns 63,729 shares of the company’s stock valued at $2,206,000 after purchasing an additional 10,856 shares during the period. Park Avenue Securities LLC acquired a new position in JFrog during the 1st quarter valued at about $229,000. Counterpoint Mutual Funds LLC bought a new stake in shares of JFrog in the 1st quarter valued at about $271,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the 1st quarter valued at about $44,000. Institutional investors own 85.02% of the company’s stock.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.