Ben Haim Shlomi Sells 17,775 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares of the company’s stock, valued at $148,089,840.20. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, March 7th, Ben Haim Shlomi sold 34,724 shares of JFrog stock. The shares were sold at an average price of $34.28, for a total value of $1,190,338.72.
• On Monday, March 3rd, Ben Haim Shlomi sold 41,829 shares of JFrog stock. The stock was sold at an average price of $36.55, for a total value 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 value of $652,875.75.

JFrog Price Performance

JFrog stock opened at $31.01 on Friday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00. The company has a fifty day moving average price of $34.59 and a two-hundred day moving average price of $32.28. The company has a market cap of $3.55 billion, a PE ratio of -49.22 and a beta of 0.98.

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 analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

FROG has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Raymond James began coverage on shares of JFrog in a research note on Friday. They set an “outperform” rating and a $40.00 price target on the stock. Morgan Stanley upped their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after purchasing an additional 349,532 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after acquiring an additional 365,376 shares during the period. Champlain Investment Partners LLC grew its position in shares of JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock worth $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company’s stock worth $65,028,000 after acquiring an additional 70,204 shares during the period. Finally, Mackenzie Financial Corp lifted its position in JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock valued at $58,703,000 after purchasing an additional 965,912 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.