Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 34,724 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,724 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $34.28, for a total value of $1,190,338.72. Following the sale, the chief executive officer now owns 4,947,530 shares of the company’s stock, valued at $169,601,328.40. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 3rd, Ben Haim Shlomi sold 41,829 shares of JFrog stock. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95.
• On Friday, February 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $36.73, for a total value of $652,875.75.
• 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.

JFrog Price Performance

Shares of FROG opened at $33.54 on Wednesday. The business’s fifty day moving average price is $35.06 and its 200 day moving average price is $31.59. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $46.65. The stock has a market capitalization of $3.42 billion, a PE ratio of -53.24 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FROG shares. Needham & Company LLC upped their price target on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. KeyCorp restated an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Three research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Hedge Funds Weigh In On JFrog

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock worth $259,882,000 after purchasing an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after buying an additional 365,376 shares during the last quarter. North Peak Capital Management LLC bought a new stake in JFrog in the third quarter valued at $73,417,000. Champlain Investment Partners LLC lifted its stake in JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after buying an additional 797,949 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.