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

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the sale, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was 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

FROG traded down $0.33 during trading on Tuesday, hitting $30.58. The stock had a trading volume of 798,540 shares, compared to its average volume of 1,273,576. The firm has a market capitalization of $3.12 billion, a P/E ratio of -58.32 and a beta of 0.93. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company’s 50-day moving average price is $29.20 and its 200 day moving average price is $32.23.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FROG. Baird R W raised JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Canaccord Genuity Group decreased their target price on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. KeyCorp upped their target price on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Piper Sandler decreased their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Three research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

Institutional Trading of JFrog

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA purchased a new position in JFrog in the 3rd quarter worth about $32,401,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of JFrog by 1,277.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,762 shares of the company’s stock valued at $6,730,000 after buying an additional 214,935 shares during the last quarter. Wrapmanager Inc. raised its holdings in JFrog by 13.5% in the 3rd quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock valued at $284,000 after acquiring an additional 1,161 shares in the last quarter. George Kaiser Family Foundation lifted its holdings in JFrog by 37.1% during the 3rd quarter. George Kaiser Family Foundation now owns 102,858 shares of the company’s stock worth $2,987,000 after buying an additional 27,821 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after buying an additional 593,478 shares during the period. Institutional investors and hedge funds 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.