Ben Haim Shlomi Sells 34,724 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,724 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.28, for a total transaction of $1,190,338.72. Following the completion of the sale, the chief executive officer now directly owns 4,947,530 shares of the company’s stock, valued at $169,601,328.40. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, March 3rd, Ben Haim Shlomi sold 41,829 shares of JFrog stock. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95.
• On Friday, February 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $36.73, for a total value of $652,875.75.
• 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 value of $560,445.75.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $33.46 on Thursday. The stock has a 50 day moving average price of $35.14 and a 200 day moving average price of $31.60. The stock has a market capitalization of $3.41 billion, a PE ratio of -53.11 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $46.65.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FROG. Canaccord Genuity Group lifted their price objective on JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays upped their price target on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Morgan Stanley raised their price objective on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Needham & Company LLC upped their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FROG. Jones Financial Companies Lllp lifted its stake in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. West Tower Group LLC bought a new stake in JFrog in the third quarter valued at approximately $116,000. KBC Group NV lifted its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog during the 4th quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after acquiring an additional 5,297 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.