Ben Haim Shlomi Sells 41,829 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the completion of the transaction, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, February 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75.
• On Tuesday, January 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.53, for a total transaction 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 transaction of $1,084,607.60.

JFrog Trading Down 5.7 %

JFrog stock opened at $34.71 on Friday. The company has a market cap of $3.54 billion, a P/E ratio of -55.10 and a beta of 0.95. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65. The company has a fifty day simple moving average of $34.80 and a 200 day simple moving average of $31.38.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FROG. Barclays increased their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Robert W. Baird increased their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley increased their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, KeyCorp reiterated an “overweight” rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and an average target price of $42.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its position in JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 shares in the last quarter. abrdn plc lifted its stake in JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after acquiring an additional 30,392 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in JFrog by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock valued at $9,642,000 after acquiring an additional 34,900 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Company Profile

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.