JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 17,775 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the transaction, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at $154,010,933.52. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 value of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The shares were sold at an average price of $30.60, for a total value of $625,555.80.
• On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75.

JFrog Stock Performance

JFrog stock traded up $0.52 during midday trading on Friday, reaching $31.93. 995,201 shares of the company were exchanged, compared to its average volume of 797,279. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -60.25 and a beta of 0.95. The firm’s 50-day simple moving average is $30.82 and its 200-day simple moving average is $31.06. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Institutional Trading of JFrog

A number of hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the 3rd quarter worth $29,000. West Tower Group LLC acquired a new position in JFrog in the third quarter valued at $116,000. Sanctuary Advisors LLC purchased a new position in JFrog during the second quarter worth about $188,000. US Bancorp DE boosted its stake in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings 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 during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Needham & Company LLC boosted their price objective on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Scotiabank increased their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Finally, UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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, JFrog currently has an average rating of “Moderate Buy” and an average target price of $37.72.

About JFrog

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.