JFrog Ltd. (NASDAQ:FROG) CEO Sells $557,598.36 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The sale 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, June 7th, Ben Haim Shlomi sold 57,550 shares of JFrog stock. The shares were sold at an average price of $32.32, for a total transaction of $1,860,016.00.

JFrog Stock Performance

NASDAQ:FROG opened at $28.40 on Friday. The company’s 50-day simple moving average is $32.61 and its 200-day simple moving average is $36.59. JFrog Ltd. has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The stock has a market capitalization of $2.89 billion, a P/E ratio of -60.43 and a beta of 0.93.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $103.53 million. On average, research analysts forecast that JFrog Ltd. will post -0.28 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FROG. Needham & Company LLC lifted their price objective on shares of JFrog from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird assumed coverage on JFrog in a report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price target for the company. Scotiabank dropped their price objective on JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Truist Financial dropped their price target on JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Trading of JFrog

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in JFrog by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after buying an additional 523,432 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after acquiring an additional 561,897 shares in the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of JFrog by 6.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock valued at $67,260,000 after acquiring an additional 118,473 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of JFrog by 4.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after purchasing an additional 73,036 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after purchasing an additional 254,100 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.