JFrog Ltd. (NASDAQ:FROG) CEO Sells $1,066,500.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of JFrog stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $557,598.36.

JFrog Stock Down 3.7 %

FROG stock opened at $30.29 on Friday. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81. The company has a market cap of $3.09 billion, a PE ratio of -64.45 and a beta of 0.94. The business’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $33.53.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (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 business had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. On average, equities research analysts anticipate that JFrog Ltd. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

FROG has been the topic of several analyst reports. Piper Sandler dropped their target price on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price target on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays lowered their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Wednesday, September 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.28.

Hedge Funds Weigh In On JFrog

A number of institutional investors and hedge funds have recently bought and sold shares of FROG. 1832 Asset Management L.P. raised its stake in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock worth $62,885,000 after buying an additional 1,052,800 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after purchasing an additional 856,451 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of JFrog by 172.5% during the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after buying an additional 841,956 shares in the last quarter. Principal Financial Group Inc. bought a new stake in JFrog in the 1st quarter valued at approximately $35,520,000. Finally, Ensign Peak Advisors Inc acquired a new position in JFrog during the 2nd quarter worth approximately $30,098,000. 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.