JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 20,606 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 20,606 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 7th, Ben Haim Shlomi sold 57,550 shares of JFrog stock. The stock was sold at an average price of $32.32, for a total transaction of $1,860,016.00.

JFrog Price Performance

NASDAQ FROG opened at $28.61 on Thursday. The stock has a market capitalization of $2.91 billion, a P/E ratio of -60.87 and a beta of 0.96. The business has a 50 day simple moving average of $32.78 and a 200 day simple moving average of $36.65. JFrog Ltd. has a one year low of $21.38 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. Equities analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On JFrog

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its position in JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares in the last quarter. George Kaiser Family Foundation grew its stake in JFrog by 0.7% in the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after acquiring an additional 532 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of JFrog by 6.0% during the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock worth $686,000 after purchasing an additional 879 shares during the period. Finally, Frazier Financial Advisors LLC bought a new position in shares of JFrog in the 4th quarter worth $35,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FROG shares. Robert W. Baird assumed coverage on shares of JFrog in a report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target on the stock. Cantor Fitzgerald decreased their target price on shares of JFrog from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Truist Financial cut their target price on shares of JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Baird R W raised shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.67.

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.