Ben Haim Shlomi Sells 41,829 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the sale, the chief executive officer now owns 4,982,254 shares of the company’s stock, valued at approximately $182,101,383.70. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The stock was sold at an average price of $31.30, for a total transaction of $1,084,607.60.

JFrog Trading Up 2.7 %

Shares of FROG stock opened at $36.81 on Thursday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The stock has a market cap of $3.75 billion, a P/E ratio of -58.43 and a beta of 0.95. The stock has a 50 day moving average of $34.72 and a 200 day moving average of $31.35.

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

Institutional Investors Weigh In On JFrog

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

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. Scotiabank lifted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird upped their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC lifted their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $42.17.

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.