JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the sale, the chief executive officer now owns 4,884,584 shares of the company's stock, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ben Haim Shlomi also recently made the following trade(s):
- 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.
- On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.93, for a total value of $567,555.75.
JFrog Price Performance
Shares of FROG stock traded up $0.52 during trading hours on Friday, reaching $31.93. The company had a trading volume of 995,206 shares, compared to its average volume of 821,384. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The business has a fifty day simple moving average of $30.86 and a 200-day simple moving average of $31.05. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -60.25 and a beta of 0.95.
Institutional Trading of JFrog
Hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in JFrog in the third quarter worth $29,000. West Tower Group LLC purchased a new stake in JFrog in the third quarter worth $116,000. Sanctuary Advisors LLC purchased a new stake in JFrog in the second quarter worth $188,000. Mackenzie Financial Corp increased its position in JFrog by 7.0% in the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after buying an additional 384 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in JFrog in the second quarter worth $222,000. 85.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays decreased their price target on JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. DA Davidson reissued a "buy" rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Scotiabank increased their price target on JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.72.
Get Our Latest Analysis on FROG
About JFrog
(
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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.
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