Ben Haim Shlomi Sells 17,775 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $36.73, for a total value of $652,875.75. Following the completion of the transaction, the chief executive officer now owns 4,866,809 shares of the company’s stock, valued at $178,757,894.57. The trade was a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $560,445.75.
• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The stock was 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 transaction of $625,555.80.

JFrog Stock Up 2.7 %

Shares of JFrog stock opened at $36.93 on Thursday. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -69.68 and a beta of 0.97. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a 50-day simple moving average of $32.38 and a two-hundred day simple moving average of $30.61.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in JFrog during the 2nd quarter worth $188,000. Exchange Traded Concepts LLC increased its position in shares of JFrog by 12.9% in the third quarter. Exchange Traded Concepts LLC now owns 81,836 shares of the company’s stock worth $2,377,000 after purchasing an additional 9,368 shares during the period. Procyon Advisors LLC raised its stake in JFrog by 116.2% in the third quarter. Procyon Advisors LLC now owns 15,256 shares of the company’s stock valued at $443,000 after purchasing an additional 8,200 shares in the last quarter. Washington Capital Management Inc. bought a new stake in JFrog during the third quarter worth about $421,000. Finally, Assenagon Asset Management S.A. grew its stake in JFrog by 54.2% during the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock worth $7,845,000 after buying an additional 95,004 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on FROG. TD Cowen increased their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Robert W. Baird raised their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial reissued a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Scotiabank raised their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.06.

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.