Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 17,775 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the sale, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The shares were sold at an average price of $31.30, for a total value of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total transaction of $625,555.80.
• On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75.

JFrog Stock Up 1.7 %

Shares of JFrog stock opened at $31.93 on Monday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The business has a 50-day moving average price of $30.86 and a 200-day moving average price of $30.99. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -60.25 and a beta of 0.95.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FROG. TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Scotiabank raised their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, Barclays lowered their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Three 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

Hedge Funds Weigh In On JFrog

Institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of JFrog during the 3rd quarter valued at approximately $29,000. West Tower Group LLC purchased a new stake in JFrog during the third quarter valued at $116,000. Sanctuary Advisors LLC purchased a new stake in JFrog during the second quarter valued at $188,000. Mackenzie Financial Corp grew its stake in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of JFrog in the 2nd quarter worth about $222,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.