JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Shlomi Ben Haim sold 45,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the transaction, the chief executive officer owned 4,449,305 shares in the company, valued at $379,748,181.75. This represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ben Haim Shlomi also recently made the following trade(s):
- On Wednesday, September 2nd, Shlomi Ben Haim sold 37,232 shares of JFrog stock. The stock was sold at an average price of $90.51, for a total value of $3,369,868.32.
- On Friday, August 7th, Shlomi Ben Haim sold 15,000 shares of JFrog stock. The stock was sold at an average price of $91.00, for a total value of $1,365,000.00.
- On Wednesday, July 8th, Shlomi Ben Haim sold 15,000 shares of JFrog stock. The shares were sold at an average price of $94.37, for a total value of $1,415,550.00.
- On Monday, June 29th, Shlomi Ben Haim sold 65,999 shares of JFrog stock. The shares were sold at an average price of $90.03, for a total value of $5,941,889.97.
JFrog Price Performance
Shares of FROG traded up $1.33 during midday trading on Thursday, reaching $88.65. The stock had a trading volume of 1,026,371 shares, compared to its average volume of 2,903,657. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $105.76. The firm’s 50 day moving average price is $89.10 and its 200-day moving average price is $69.36. The company has a market capitalization of $10.93 billion, a P/E ratio of -239.59 and a beta of 1.28.
Wall Street Analyst Weigh In
FROG has been the topic of several recent research reports. KeyCorp lifted their price objective on shares of JFrog from $89.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $118.00 target price on shares of JFrog in a research note on Thursday, September 3rd. Morgan Stanley set a $100.00 target price on shares of JFrog in a report on Friday, August 7th. Truist Financial lifted their price target on shares of JFrog from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $110.00 price target on shares of JFrog in a report on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $107.14.
Get Our Latest Stock Report on FROG
Institutional Investors Weigh In On JFrog
A number of large investors have recently made changes to their positions in FROG. California State Teachers Retirement System boosted its stake in JFrog by 9,666.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock worth $985,121,000 after purchasing an additional 10,728,811 shares during the period. Whale Rock Capital Management LLC raised its stake in JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after purchasing an additional 2,389,415 shares during the period. Wasatch Advisors LP lifted its holdings in shares of JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock valued at $195,043,000 after purchasing an additional 2,710,167 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after purchasing an additional 3,358,422 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of JFrog by 30.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock worth $167,590,000 after buying an additional 633,231 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.
JFrog Company Profile
JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.
The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.
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