JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi 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 that occurred 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 transaction, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 Trading Up 1.7 %

FROG opened at $31.93 on Friday. The company’s 50 day moving average is $30.86 and its 200 day moving average is $31.05. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -60.25 and a beta of 0.95. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81.

Wall Street Analysts Forecast Growth

FROG has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Barclays lowered their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Needham & Company LLC lifted their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen upped their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after purchasing an additional 210,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after purchasing an additional 159,483 shares during the period. Principal Financial Group Inc. increased its position in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after buying an additional 514,895 shares in the last quarter. North Peak Capital Management LLC bought a new position in shares of JFrog in the third quarter worth about $73,417,000. Finally, Atom Investors LP lifted its position in shares of JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after buying an additional 24,120 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.