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 firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, October 10th, Ben Haim Shlomi sold 35,550 shares of JFrog stock. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00.
• 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 value of $471,501.94.
• On Tuesday, September 3rd, Ben Haim Shlomi sold 20,606 shares of JFrog stock. The shares were sold at an average price of $27.06, for a total value of $557,598.36.

JFrog Stock Performance

JFrog stock opened at $30.58 on Wednesday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. The stock’s 50 day simple moving average is $29.20 and its two-hundred day simple moving average is $32.23.

Analyst Ratings Changes

A number of brokerages have commented on FROG. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Morgan Stanley lowered their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group reduced their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Finally, Stifel Nicolaus reduced their price target on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

Institutional Investors Weigh In On JFrog

Hedge funds have recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in JFrog in the third quarter worth about $32,401,000. 1832 Asset Management L.P. increased its stake in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after purchasing an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of JFrog by 4,244.7% during the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after purchasing an additional 841,956 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.