Ben Haim Shlomi Sells 35,550 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 transaction of $557,598.36.

JFrog Stock Performance

NASDAQ FROG opened at $31.46 on Thursday. JFrog Ltd. has a 52 week low of $21.38 and a 52 week high of $48.81. The stock has a market capitalization of $3.21 billion, a P/E ratio of -66.94 and a beta of 0.94. The stock has a fifty day moving average of $27.94 and a 200-day moving average of $33.56.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. Equities research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FROG. Robert W. Baird initiated coverage on JFrog in a research report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of JFrog in a report on Monday, September 16th. UBS Group lowered their target price on shares of JFrog from $41.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday. Three 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.28.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently modified their holdings of FROG. Vanguard Group Inc. grew its holdings in JFrog by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock worth $244,192,000 after acquiring an additional 23,030 shares during the period. Quadrature Capital Ltd increased its holdings in JFrog by 20.5% in the fourth quarter. Quadrature Capital Ltd now owns 63,729 shares of the company’s stock valued at $2,206,000 after purchasing an additional 10,856 shares during the last quarter. Park Avenue Securities LLC bought a new stake in JFrog in the first quarter valued at about $229,000. Counterpoint Mutual Funds LLC acquired a new position in JFrog in the first quarter valued at about $271,000. Finally, Future Financial Wealth Managment LLC bought a new position in JFrog during the first quarter worth about $44,000. 85.02% of the stock is owned by 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.