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 the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the sale, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 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.
• 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.

JFrog Trading Down 0.7 %

FROG opened at $34.47 on Friday. The company has a 50 day moving average of $34.80 and a 200 day moving average of $31.38. The company has a market cap of $3.51 billion, a PE ratio of -54.71 and a beta of 0.95. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65.

JFrog (NASDAQ:FROG) last released its quarterly earnings data 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 the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FROG. North Peak Capital Management LLC bought a new position in JFrog in the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC boosted its holdings in JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after purchasing an additional 1,617,551 shares during the period. Norges Bank bought a new position in JFrog in the 4th quarter valued at $32,878,000. Massachusetts Financial Services Co. MA bought a new position in JFrog in the 3rd quarter valued at $32,401,000. Finally, Raymond James Financial Inc. bought a new position in JFrog in the 4th quarter valued at $30,554,000. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on FROG. Stifel Nicolaus increased their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC increased their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Robert W. Baird increased their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Truist Financial increased their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. 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, JFrog currently 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.