Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 20,443 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 20,443 shares of JFrog stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $625,555.80. Following the transaction, the chief executive officer now owns 4,937,011 shares in the company, valued at approximately $151,072,536.60. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 value 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 value of $1,066,500.00.
• On Friday, September 6th, Ben Haim Shlomi sold 16,714 shares of JFrog stock. The shares were sold at an average price of $28.21, for a total value of $471,501.94.

JFrog Price Performance

NASDAQ:FROG opened at $31.00 on Friday. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The company has a market cap of $3.16 billion, a PE ratio of -58.49 and a beta of 0.94. The firm has a 50-day moving average of $30.28 and a 200-day moving average of $31.47.

Hedge Funds Weigh In On JFrog

Hedge funds have recently added to or reduced their stakes in the stock. North Peak Capital Management LLC purchased a new stake in shares of JFrog in the third quarter worth approximately $73,417,000. TimesSquare Capital Management LLC lifted its stake in 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 acquiring an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in JFrog during the 3rd quarter worth $32,401,000. Meitav Investment House Ltd. grew its stake in shares of JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after acquiring an additional 856,451 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after purchasing an additional 841,956 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FROG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. UBS Group upped their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Canaccord Genuity Group lowered their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. DA Davidson restated a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Finally, TD Cowen lifted their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.72.

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.