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 stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction 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 $154,010,933.52. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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.
• On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75.

JFrog Price Performance

NASDAQ:FROG traded up $0.52 during trading hours on Friday, hitting $31.93. 995,201 shares of the company were exchanged, compared to its average volume of 797,279. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -60.25 and a beta of 0.95. The company’s 50 day moving average price is $30.82 and its 200-day moving average price is $31.06.

Institutional Investors Weigh In On JFrog

Large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 3rd quarter worth about $29,000. West Tower Group LLC acquired a new stake in JFrog during the 3rd quarter valued at approximately $116,000. Sanctuary Advisors LLC purchased a new stake in shares of JFrog in the 2nd quarter valued at $188,000. Mackenzie Financial Corp raised its holdings in shares of 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 purchasing an additional 384 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in JFrog during the second quarter valued at $222,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FROG shares. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. UBS Group raised their price target on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays lowered their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, 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 report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

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.