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

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,724 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $34.28, for a total transaction of $1,190,338.72. Following the completion of the sale, the chief executive officer now directly owns 4,947,530 shares in the company, valued at $169,601,328.40. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were 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 %

NASDAQ:FROG opened at $33.54 on Wednesday. The stock has a fifty day simple moving average of $35.06 and a 200-day simple moving average of $31.59. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65. The company has a market capitalization of $3.42 billion, a PE ratio of -53.24 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted 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 business had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. North Peak Capital Management LLC purchased a new stake in JFrog in the 3rd quarter valued at about $73,417,000. Norges Bank purchased a new stake in JFrog in the 4th quarter valued at about $32,878,000. Massachusetts Financial Services Co. MA purchased a new stake in JFrog in the 3rd quarter valued at about $32,401,000. Raymond James Financial Inc. purchased a new stake in shares of JFrog during the 4th quarter worth about $30,554,000. Finally, Mackenzie Financial Corp grew its holdings in shares of JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley increased their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

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.