JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 17,775 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $31.53, for a total value of $560,445.75.
• 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.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $0.59 during midday trading on Tuesday, reaching $35.95. The company had a trading volume of 1,128,481 shares, compared to its average volume of 942,033. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -67.83 and a beta of 0.97. The company has a fifty day simple moving average of $32.28 and a two-hundred day simple moving average of $30.63.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FROG shares. Needham & Company LLC raised their price target on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Robert W. Baird raised their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Truist Financial reissued a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a report on Friday, November 8th. DA Davidson reissued a “buy” rating and set a $40.00 price target on shares of JFrog in a report on Monday, October 14th. Finally, Barclays decreased their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Three equities 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.89.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares in the last quarter. KBC Group NV lifted its stake in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares in the last quarter. West Tower Group LLC purchased a new stake in JFrog in the 3rd quarter worth about $116,000. BankPlus Trust Department purchased a new stake in JFrog in the 4th quarter worth about $131,000. Finally, Sanctuary Advisors LLC purchased a new stake in JFrog in the 2nd quarter worth about $188,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.