Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 35,550 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of JFrog stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 6th, Ben Haim Shlomi sold 16,714 shares of JFrog stock. The stock was sold at an average price of $28.21, for a total transaction of $471,501.94.
• On Tuesday, September 3rd, Ben Haim Shlomi sold 20,606 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36.

JFrog Stock Up 0.4 %

Shares of FROG stock opened at $31.60 on Wednesday. The company’s fifty day simple moving average is $27.99 and its 200-day simple moving average is $33.57. The firm has a market cap of $3.22 billion, a PE ratio of -67.23 and a beta of 0.94. JFrog Ltd. has a 12 month low of $21.38 and a 12 month 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 analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. On average, equities analysts predict that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of JFrog

Institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the first quarter worth $44,000. Advisors Asset Management Inc. raised its position in JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. RiverPark Advisors LLC bought a new stake in JFrog during the first quarter worth $140,000. Duality Advisers LP bought a new stake in JFrog during the first quarter worth $205,000. Finally, SG Americas Securities LLC bought a new stake in JFrog during the second quarter worth $187,000. Institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FROG shares. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Stifel Nicolaus decreased their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price objective on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their price objective on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.28.

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.