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 the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the transaction, the chief executive officer now owns 4,866,809 shares of the company’s stock, valued at $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $31.53, for a total value of $560,445.75.
• 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.

JFrog Stock Performance

Shares of JFrog stock opened at $35.95 on Wednesday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The stock has a 50 day moving average price of $32.28 and a two-hundred day moving average price of $30.63. The stock has a market capitalization of $3.66 billion, a PE ratio of -67.83 and a beta of 0.97.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after acquiring an additional 349,532 shares during the period. TimesSquare Capital Management LLC grew its stake in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after acquiring an additional 365,376 shares during the period. North Peak Capital Management LLC acquired a new stake in JFrog in the third quarter valued at approximately $73,417,000. Thrivent Financial for Lutherans grew its stake in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the period. Finally, Wasatch Advisors LP grew its stake in JFrog by 6.2% in the third quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after acquiring an additional 124,420 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FROG. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Truist Financial restated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. UBS Group raised their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank raised their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, TD Cowen raised their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.89.

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.