Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 34,724 Shares of Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) 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 value of $1,190,338.72. Following the completion of the transaction, the chief executive officer now directly owns 4,947,530 shares in the company, valued at $169,601,328.40. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value 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 shares were sold at an average price of $31.53, for a total transaction of $560,445.75.

JFrog Price Performance

Shares of NASDAQ FROG traded up $1.11 during mid-day trading on Friday, hitting $33.58. 725,590 shares of the stock traded hands, compared to its average volume of 1,133,427. The company has a market cap of $3.42 billion, a PE ratio of -53.30 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $46.65. The firm has a 50 day simple moving average of $35.23 and a two-hundred day simple moving average of $31.66.

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JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly 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 firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. On average, equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JFrog

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

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of recent research reports. KeyCorp reissued an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC upped their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Barclays increased their target price on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Three research 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. According to data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

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.