JFrog Ltd. (NASDAQ:FROG) CEO Sells $765,615.33 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,859 shares of JFrog stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $42.87, for a total value of $765,615.33. Following the sale, the chief executive officer now directly owns 5,050,691 shares of the company’s stock, valued at $216,523,123.17. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 6th, Ben Haim Shlomi sold 54,279 shares of JFrog stock. The stock was sold at an average price of $43.07, for a total transaction of $2,337,796.53.
• On Wednesday, April 9th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $30.04, for a total value of $533,961.00.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $42.44 on Tuesday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $45.10. The firm has a market capitalization of $4.86 billion, a PE ratio of -67.37 and a beta of 1.07. The business’s 50 day moving average price is $36.63 and its 200-day moving average price is $34.61.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. As a group, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after acquiring an additional 329 shares in the last quarter. California State Teachers Retirement System lifted its stake in JFrog by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company’s stock worth $2,379,000 after purchasing an additional 439 shares in the last quarter. US Bancorp DE boosted its holdings in shares of JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after purchasing an additional 512 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company’s stock worth $190,000 after purchasing an additional 548 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its position in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after purchasing an additional 564 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FROG shares. Morgan Stanley upped their target price on JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. KeyCorp restated an “overweight” rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Barclays dropped their price target on shares of JFrog from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Truist Financial increased their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.44.

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.