Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells $557,598.36 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at $136,043,960.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 7th, Ben Haim Shlomi sold 57,550 shares of JFrog stock. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00.

JFrog Stock Performance

FROG stock opened at $28.40 on Friday. The firm has a fifty day moving average price of $32.61 and a 200 day moving average price of $36.59. JFrog Ltd. has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The firm has a market cap of $2.89 billion, a PE ratio of -60.43 and a beta of 0.93.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. On average, equities analysts predict that JFrog Ltd. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of JFrog in the 4th quarter valued at approximately $2,983,000. Van ECK Associates Corp increased its position in JFrog by 16.9% during the fourth quarter. Van ECK Associates Corp now owns 29,580 shares of the company’s stock valued at $1,024,000 after acquiring an additional 4,277 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of JFrog in the fourth quarter valued at $684,000. Lisanti Capital Growth LLC bought a new stake in shares of JFrog in the 4th quarter worth about $4,762,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of JFrog in the 4th quarter worth about $459,000. 85.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

FROG has been the subject of several analyst reports. Baird R W raised shares of JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Piper Sandler decreased their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their target price on shares of JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen cut their price target on JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.