JFrog Ltd. (NASDAQ:FROG) CEO Sells $765,615.33 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,859 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $42.87, for a total transaction of $765,615.33. Following the transaction, the chief executive officer now owns 5,050,691 shares in the company, valued at approximately $216,523,123.17. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, June 6th, Ben Haim Shlomi sold 54,279 shares of JFrog stock. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53.
• On Wednesday, April 9th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $30.04, for a total value of $533,961.00.

JFrog Stock Performance

Shares of FROG opened at $41.96 on Thursday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of -66.60 and a beta of 1.07. The stock has a fifty day moving average price of $37.11 and a two-hundred day moving average price of $34.71. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. As a group, research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of recent research reports. Canaccord Genuity Group upped their target price on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Raymond James assumed coverage on shares of JFrog in a report on Friday, April 11th. They set an “outperform” rating and a $40.00 price objective for the company. Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 9th. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.44.

Hedge Funds Weigh In On JFrog

Institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after acquiring an additional 574 shares during the last quarter. Signaturefd LLC lifted its position in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after purchasing an additional 597 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog during the 1st quarter worth approximately $104,000. Finally, Smartleaf Asset Management LLC grew its position in shares of JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock worth $123,000 after buying an additional 800 shares during the period. 85.02% of the stock is owned by institutional investors.

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.