JFrog Ltd. (NASDAQ:FROG) CEO Sells $567,555.75 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, October 10th, Ben Haim Shlomi sold 35,550 shares of JFrog stock. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00.
• 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 shares were sold at an average price of $27.06, for a total value of $557,598.36.

JFrog Stock Performance

FROG opened at $30.58 on Wednesday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. The firm’s fifty day moving average is $29.20 and its 200 day moving average is $32.23. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Hedge Funds Weigh In On JFrog

Several large investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC grew its position in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in JFrog in the 3rd quarter worth approximately $32,401,000. 1832 Asset Management L.P. grew its holdings in JFrog by 285.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after buying an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of JFrog by 4,244.7% during the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after buying an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of JFrog by 172.5% in 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. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group decreased their target price on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.72.

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.