JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 34,724 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,724 shares of JFrog stock in a transaction on Friday, March 7th. The stock was sold at an average price of $34.28, for a total transaction of $1,190,338.72. Following the completion of the transaction, the chief executive officer now owns 4,947,530 shares in the company, valued at approximately $169,601,328.40. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 3rd, Ben Haim Shlomi sold 41,829 shares of JFrog stock. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95.
• On Friday, February 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75.
• On Tuesday, January 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75.

JFrog Stock Down 0.1 %

FROG stock traded down $0.03 during midday trading on Tuesday, hitting $33.54. The company’s stock had a trading volume of 873,932 shares, compared to its average volume of 1,134,441. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65. The company has a 50 day moving average of $34.97 and a two-hundred day moving average of $31.54. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -53.24 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC upped their target price on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price objective on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a report on Wednesday, February 12th. Truist Financial upped their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus lifted their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FROG. US Bancorp DE raised its position in shares of JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock valued at $212,000 after buying an additional 512 shares in the last quarter. Snowden Capital Advisors LLC raised its position in JFrog by 4.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after purchasing an additional 564 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. Van ECK Associates Corp increased its position in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock valued at $800,000 after buying an additional 682 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.