JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 35,550 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, September 6th, Ben Haim Shlomi sold 16,714 shares of JFrog stock. The shares were sold at an average price of $28.21, for a total value of $471,501.94.
• On Tuesday, September 3rd, Ben Haim Shlomi sold 20,606 shares of JFrog stock. The stock was sold at an average price of $27.06, for a total value of $557,598.36.

JFrog Trading Down 0.4 %

Shares of FROG opened at $31.46 on Thursday. The company’s fifty day simple moving average is $27.94 and its 200 day simple moving average is $33.56. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -66.94 and a beta of 0.94.

JFrog (NASDAQ:FROG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. As a group, research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FROG shares. Scotiabank lowered their target price on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of JFrog in a research report on Monday, September 16th. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Stifel Nicolaus lowered their target price on JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, KeyCorp lifted their price target on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $36.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Future Financial Wealth Managment LLC bought a new stake in JFrog in the 3rd quarter valued at $29,000. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the last quarter. RiverPark Advisors LLC bought a new position in shares of JFrog in the first quarter valued at about $140,000. SG Americas Securities LLC acquired a new stake in shares of JFrog during the 2nd quarter worth about $187,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of JFrog during the 2nd quarter worth about $188,000. 85.02% of the stock is currently owned by institutional investors.

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.