JFrog Ltd. (NASDAQ:FROG) CEO Sells $560,445.75 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total transaction 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 transaction of $567,555.75.

JFrog Trading Up 1.7 %

Shares of JFrog stock opened at $31.93 on Friday. The company has a 50-day moving average of $30.86 and a two-hundred day moving average of $31.02. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The stock has a market cap of $3.25 billion, a PE ratio of -60.25 and a beta of 0.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FROG shares. Robert W. Baird upped their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. TD Cowen upped their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group boosted their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently bought and sold shares of FROG. Future Financial Wealth Managment LLC acquired a new stake in JFrog in the third quarter valued at $29,000. West Tower Group LLC purchased a new stake in JFrog in the 3rd quarter valued at approximately $116,000. Sanctuary Advisors LLC bought a new stake in shares of JFrog during the second quarter valued at approximately $188,000. US Bancorp DE lifted its position in JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in JFrog by 7.0% during 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 in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.