JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 65,999 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $90.03, for a total transaction of $5,941,889.97. Following the sale, the chief executive officer owned 4,592,237 shares of the company’s stock, valued at approximately $413,439,097.11. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ben Haim Shlomi also recently made the following trade(s):
- 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 transaction of $7,873,891.20.
- On Tuesday, June 2nd, Ben Haim Shlomi sold 43,056 shares of JFrog stock. The stock was sold at an average price of $86.54, for a total transaction 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 transaction of $3,659,175.52.
- On Wednesday, May 6th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $52.27, for a total transaction of $1,306,750.00.
- On Tuesday, April 7th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $48.88, for a total transaction of $1,222,000.00.
JFrog Stock Down 0.5%
FROG opened at $90.39 on Thursday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of -170.55 and a beta of 1.20. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $93.12. The company’s 50-day moving average price is $71.49 and its 200 day moving average price is $58.56.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of JFrog by 85,066.4% during the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after acquiring an additional 3,358,422 shares during the period. Wasatch Advisors LP lifted its position in JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after purchasing an additional 2,710,167 shares during the period. Whale Rock Capital Management LLC boosted its stake in JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after purchasing an additional 2,389,415 shares in the last quarter. Invesco Ltd. increased its position in shares of JFrog by 6,868.3% during the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after purchasing an additional 2,073,876 shares during the period. Finally, Swedbank AB acquired a new position in shares of JFrog during the 1st quarter valued at $78,872,000. 85.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on FROG. DA Davidson set a $90.00 price objective on JFrog in a research note on Friday, May 8th. Wall Street Zen cut JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Barclays boosted their price target on shares of JFrog from $75.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. KeyCorp upped their price target on shares of JFrog from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of JFrog in a report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.
Read Our Latest Stock Report on FROG
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.
Recommended Stories
- Five stocks we like better than JFrog
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.
