JFrog Ltd. (NASDAQ:FROG) CEO Sells $1,084,607.60 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,652 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $31.30, for a total value of $1,084,607.60. Following the transaction, the chief executive officer now owns 4,902,359 shares of the company’s stock, valued at $153,443,836.70. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction 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.
• 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 transaction of $1,066,500.00.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $30.26 on Wednesday. The firm has a market cap of $3.08 billion, a P/E ratio of -58.36 and a beta of 0.94. The firm’s 50 day moving average price is $30.36 and its 200 day moving average price is $31.42. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. UBS Group upped their price target on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays cut their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. KeyCorp increased their price target on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Baird R W raised JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.72.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new stake in JFrog during the 3rd quarter worth $29,000. West Tower Group LLC purchased a new stake in shares of JFrog during the third quarter worth about $116,000. SG Americas Securities LLC acquired a new position in shares of JFrog in the second quarter worth about $187,000. Sanctuary Advisors LLC acquired a new stake in shares of JFrog during the second quarter worth approximately $188,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of JFrog in the second quarter worth $210,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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.