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

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the sale, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $652,875.75.
• 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 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 value of $1,084,607.60.

JFrog Trading Down 0.7 %

FROG traded down $0.24 during mid-day trading on Friday, hitting $34.47. 828,270 shares of the stock were exchanged, compared to its average volume of 1,176,481. The firm's fifty day moving average is $34.89 and its two-hundred day moving average is $31.45. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65. The company has a market cap of $3.51 billion, a PE ratio of -54.71 and a beta of 0.95.

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JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

FROG has been the topic of several analyst reports. KeyCorp reaffirmed an "overweight" rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC increased their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Truist Financial upped their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price objective on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus increased their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.06.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its stake in JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in shares of JFrog by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after acquiring an additional 564 shares during the period. Jones Financial Companies Lllp raised its position 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. Van ECK Associates Corp boosted its stake in JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock worth $1,093,000 after purchasing an additional 577 shares during the period. Finally, Arizona State Retirement System grew its position in JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

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.