JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 41,829 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the transaction, the chief executive officer now owns 4,982,254 shares in the company, valued at approximately $182,101,383.70. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction of $1,084,607.60.

JFrog Stock Up 2.7 %

Shares of NASDAQ:FROG opened at $36.81 on Thursday. The firm has a fifty day simple moving average of $34.72 and a two-hundred day simple moving average of $31.35. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $46.65. The stock has a market capitalization of $3.75 billion, a P/E ratio of -58.43 and a beta of 0.95.

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

Hedge Funds Weigh In On JFrog

Several large investors have recently modified their holdings of FROG. Probity Advisors Inc. purchased a new position in JFrog during the fourth quarter worth $222,000. Mackenzie Financial Corp lifted its holdings in shares of JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after acquiring an additional 965,912 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of JFrog by 9.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company’s stock worth $2,448,000 after purchasing an additional 7,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JFrog by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock valued at $5,457,000 after purchasing an additional 30,035 shares during the last quarter. Finally, Woodline Partners LP raised its position in JFrog by 1,312.6% in the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock worth $12,895,000 after purchasing an additional 407,415 shares during the period. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

FROG has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. Canaccord Genuity Group increased their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. KeyCorp restated an “overweight” rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. 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 stock has an average rating of “Moderate Buy” and an average price target of $42.17.

About JFrog

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.