Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 17,775 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the transaction, the chief executive officer now directly owns 4,866,809 shares of the company’s stock, valued at approximately $178,757,894.57. This represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The shares were sold at an average price of $31.30, for a total transaction of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total transaction of $625,555.80.

JFrog Stock Down 1.6 %

Shares of JFrog stock traded down $0.59 on Tuesday, hitting $35.95. 1,128,481 shares of the company’s stock traded hands, compared to its average volume of 942,033. The stock has a market cap of $3.66 billion, a P/E ratio of -67.83 and a beta of 0.97. The firm’s 50-day moving average is $32.28 and its 200 day moving average is $30.63. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FROG. Truist Financial reiterated a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. TD Cowen boosted their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group boosted their target price on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of JFrog in a report on Tuesday, October 29th. Three 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

Hedge Funds Weigh In On JFrog

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after buying an additional 574 shares during the last quarter. West Tower Group LLC acquired a new stake in shares of JFrog during the 3rd quarter valued at approximately $116,000. KBC Group NV raised its position in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of JFrog during the 4th quarter valued at approximately $131,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of JFrog during the 2nd quarter valued at approximately $188,000. 85.02% of the stock is currently 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.