JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 35,550 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 6th, Ben Haim Shlomi sold 16,714 shares of JFrog stock. The stock was sold at an average price of $28.21, for a total value of $471,501.94.
• On Tuesday, September 3rd, Ben Haim Shlomi sold 20,606 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total value of $557,598.36.

JFrog Stock Up 0.4 %

Shares of NASDAQ FROG traded up $0.14 during midday trading on Tuesday, reaching $31.60. The company had a trading volume of 1,631,291 shares, compared to its average volume of 1,310,889. JFrog Ltd. has a one year low of $21.38 and a one year high of $48.81. The firm’s fifty day moving average price is $28.04 and its 200-day moving average price is $33.66. The stock has a market cap of $3.22 billion, a PE ratio of -66.94 and a beta of 0.94.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in JFrog by 7.0% during 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 last quarter. George Kaiser Family Foundation grew its holdings in shares of JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after acquiring an additional 532 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares during the period. Lazard Asset Management LLC grew its holdings in shares of JFrog by 6.0% during the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock worth $686,000 after acquiring an additional 879 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the 1st quarter worth approximately $44,000. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FROG. UBS Group cut their price target on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler decreased their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Wednesday, September 11th. Oppenheimer cut JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, TD Cowen decreased their target price on JFrog from $50.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen 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 company presently has an average rating of “Moderate Buy” and an average target price of $36.28.

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.