Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells $652,875.75 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now owns 4,866,809 shares in the company, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, January 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75.
• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The stock was 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 shares were sold at an average price of $30.60, for a total transaction of $625,555.80.

JFrog Stock Performance

JFrog stock opened at $37.71 on Friday. The business’s 50-day simple moving average is $32.48 and its two-hundred day simple moving average is $30.65. The company has a market cap of $3.84 billion, a PE ratio of -71.15 and a beta of 0.97. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. As a group, analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Scotiabank lifted their target price 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 reiterated an “overweight” rating and issued a $38.00 target price on shares of JFrog in a report on Wednesday. UBS Group raised their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in JFrog during the 2nd quarter worth about $188,000. Exchange Traded Concepts LLC raised its holdings in JFrog by 12.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 81,836 shares of the company’s stock worth $2,377,000 after purchasing an additional 9,368 shares during the period. Procyon Advisors LLC boosted its position in JFrog by 116.2% during the third quarter. Procyon Advisors LLC now owns 15,256 shares of the company’s stock worth $443,000 after purchasing an additional 8,200 shares in the last quarter. Washington Capital Management Inc. purchased a new position in JFrog during the third quarter worth approximately $421,000. Finally, Assenagon Asset Management S.A. grew its holdings in JFrog by 54.2% in the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after purchasing an additional 95,004 shares during the period. Hedge funds and other institutional investors 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.