JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 93,072 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $84.60, for a total transaction of $7,873,891.20. Following the sale, the chief executive officer directly owned 4,658,236 shares in the company, valued at $394,086,765.60. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ben Haim Shlomi also recently made the following trade(s):
- On Tuesday, June 2nd, Ben Haim Shlomi sold 43,056 shares of JFrog stock. The stock was sold at an average price of $86.54, for a total transaction of $3,726,066.24.
- On Tuesday, May 26th, Ben Haim Shlomi sold 48,763 shares of JFrog stock. The stock was sold at an average price of $75.04, for a total transaction of $3,659,175.52.
- On Wednesday, May 6th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The stock was sold at an average price of $52.27, for a total transaction of $1,306,750.00.
- On Tuesday, April 7th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The stock was sold at an average price of $48.88, for a total transaction of $1,222,000.00.
JFrog Price Performance
Shares of FROG stock traded down $0.94 during trading hours on Wednesday, reaching $80.32. 2,170,200 shares of the company were exchanged, compared to its average volume of 3,048,072. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $89.16. The stock’s fifty day moving average is $59.95 and its two-hundred day moving average is $56.39. The company has a market cap of $9.73 billion, a price-to-earnings ratio of -151.55 and a beta of 1.23.
Hedge Funds Weigh In On JFrog
Large investors have recently bought and sold shares of the business. Millstone Evans Group LLC lifted its holdings in JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after buying an additional 427 shares during the period. Blue Trust Inc. bought a new stake in JFrog in the fourth quarter valued at approximately $30,000. Western Wealth Management LLC bought a new stake in JFrog in the first quarter valued at approximately $30,000. Bessemer Group Inc. bought a new stake in JFrog in the first quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC increased its stake in JFrog by 318.7% in the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on FROG shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 target price on shares of JFrog in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. BTIG Research increased their price objective on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. UBS Group increased their price objective on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of JFrog in a report on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.45.
Check Out Our Latest Analysis on JFrog
JFrog Company Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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