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 firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the transaction, the chief executive officer now directly owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The stock was sold at an average price of $31.30, for a total value of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total value of $625,555.80.
• On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75.

JFrog Price Performance

NASDAQ FROG opened at $31.93 on Friday. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The company has a market capitalization of $3.25 billion, a PE ratio of -60.25 and a beta of 0.95. The company has a fifty day moving average of $30.86 and a 200 day moving average of $31.02.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of FROG. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the third quarter worth about $29,000. West Tower Group LLC acquired a new stake in shares of JFrog during the 3rd quarter worth approximately $116,000. Sanctuary Advisors LLC purchased a new position in shares of JFrog during the 2nd quarter valued at approximately $188,000. Mackenzie Financial Corp lifted its stake in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares during the period. Finally, Marshall Wace LLP purchased a new stake in JFrog during the second quarter worth $222,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FROG. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. UBS Group upped their price target on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays lowered their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Finally, TD Cowen raised their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.72.

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.