JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $91.00, for a total transaction of $1,365,000.00. Following the sale, the chief executive officer directly owned 4,562,237 shares of the company’s stock, valued at approximately $415,163,567. The trade was a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ben Haim Shlomi also recently made the following trade(s):
- On Wednesday, July 8th, Ben Haim Shlomi sold 15,000 shares of JFrog stock. The shares were sold at an average price of $94.37, for a total transaction of $1,415,550.00.
- On Monday, June 29th, Ben Haim Shlomi sold 65,999 shares of JFrog stock. The stock was sold at an average price of $90.03, for a total value of $5,941,889.97.
- On Monday, June 8th, Ben Haim Shlomi sold 93,072 shares of JFrog stock. The stock was sold at an average price of $84.60, for a total value of $7,873,891.20.
- On Tuesday, June 2nd, Ben Haim Shlomi sold 43,056 shares of JFrog stock. The shares were sold at an average price of $86.54, for a total value of $3,726,066.24.
- On Tuesday, May 26th, Ben Haim Shlomi sold 48,763 shares of JFrog stock. The shares were sold at an average price of $75.04, for a total value of $3,659,175.52.
JFrog Stock Performance
Shares of FROG opened at $86.10 on Wednesday. The company has a market cap of $10.62 billion, a price-to-earnings ratio of -232.70 and a beta of 1.22. The stock has a fifty day moving average price of $85.11 and a two-hundred day moving average price of $63.61. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $99.22.
Wall Street Analysts Forecast Growth
FROG has been the subject of several research reports. KeyCorp raised their price objective on shares of JFrog from $89.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday. Barclays reiterated an “overweight” rating and set a $110.00 target price on shares of JFrog in a research report on Friday. Stifel Nicolaus raised their price target on shares of JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Needham & Company LLC boosted their price objective on shares of JFrog from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Benchmark upped their price objective on JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.81.
Read Our Latest Report on JFrog
Institutional Trading of JFrog
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millstone Evans Group LLC boosted its stake in shares of JFrog by 242.6% in the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of JFrog during the first quarter worth approximately $30,000. Bessemer Group Inc. bought a new position in JFrog in the first quarter valued at approximately $36,000. Farther Finance Advisors LLC grew its holdings in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in JFrog during the 4th quarter worth $44,000. 85.02% of the stock is owned by institutional investors.
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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