Insider Selling: JFrog (NASDAQ:FROG) CEO Sells $721,200.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total value of $721,200.00. Following the transaction, the chief executive officer owned 4,884,152 shares of the company’s stock, valued at $234,830,028.16. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, September 8th, Ben Haim Shlomi sold 38,159 shares of JFrog stock. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88.
• On Tuesday, September 2nd, Ben Haim Shlomi sold 29,101 shares of JFrog stock. The stock was sold at an average price of $47.78, for a total transaction of $1,390,445.78.

JFrog Trading Down 3.8%

Shares of NASDAQ FROG opened at $46.01 on Friday. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $51.94. The firm’s 50-day moving average price is $47.20 and its 200-day moving average price is $41.60. The firm has a market capitalization of $5.37 billion, a P/E ratio of -59.75 and a beta of 1.05.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. JFrog’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently modified their holdings of FROG. Signaturefd LLC grew its position in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after acquiring an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its position in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after buying an additional 329 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of JFrog by 7,185.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after acquiring an additional 2,946 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of JFrog during the 2nd quarter worth approximately $136,000. Finally, Bayforest Capital Ltd bought a new position in JFrog in the 1st quarter valued at $104,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FROG shares. KeyCorp upped their price target on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Morgan Stanley raised their price target on shares of JFrog from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Cowen reissued a “buy” rating on shares of JFrog in a research report on Friday, August 8th. DA Davidson lifted their price target on shares of JFrog from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price target on shares of JFrog in a report on Monday, September 15th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

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.