JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Shlomi Ben Haim sold 15,000 shares of JFrog stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $97.52, for a total transaction of $1,462,800.00. Following the sale, the chief executive officer owned 4,434,305 shares of the company’s stock, valued at approximately $432,433,423.60. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Tuesday, September 8th, Shlomi Ben Haim sold 45,700 shares of JFrog stock. The shares were sold at an average price of $85.35, for a total value of $3,900,495.00.
- 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 transaction 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 transaction of $1,365,000.00.
JFrog Stock Up 5.1%
Shares of NASDAQ FROG traded up $4.98 during midday trading on Friday, reaching $102.23. The company had a trading volume of 1,125,022 shares, compared to its average volume of 2,751,297. The stock has a market cap of $12.61 billion, a PE ratio of -276.29 and a beta of 1.24. JFrog Ltd. has a one year low of $34.05 and a one year high of $105.76. The firm’s fifty day moving average price is $91.54 and its 200-day moving average price is $77.13.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Congress Asset Management Co. lifted its stake in JFrog by 14.4% during the 3rd quarter. Congress Asset Management Co. now owns 1,420,301 shares of the company’s stock valued at $137,826,000 after acquiring an additional 178,310 shares during the period. Summit Partners Public Asset Management LLC increased its stake in shares of JFrog by 77.8% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after acquiring an additional 694,700 shares during the period. Wellington Management Group LLP purchased a new position in shares of JFrog during the second quarter worth $69,951,000. American Capital Management Inc. purchased a new position in shares of JFrog during the second quarter worth $1,225,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in JFrog during the second quarter valued at $1,427,000. 85.02% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on FROG. Benchmark increased their price objective on JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 7th. UBS Group boosted their target price on shares of JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 7th. BTIG Research reaffirmed a “buy” rating and issued a $115.00 target price on shares of JFrog in a research report on Friday, September 4th. Raymond James Financial set a $120.00 price target on shares of JFrog in a research note on Friday, August 7th. Finally, Stifel Nicolaus set a $102.00 price target on shares of JFrog in a research report on Friday, September 4th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.48.
Get Our Latest Stock Analysis on FROG
JFrog Company Profile
JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.
The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.
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