Insider Selling: JFrog (NASDAQ:FROG) CEO Sells 15,000 Shares of Company Stock

Key Points

• JFrog CEO Shlomi Ben Haim sold 15,000 shares at an average price of $97.52, generating $1.46 million. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, and he retained 4.43 million shares.
• JFrog shares recently traded at $102.23, near their 12-month high of $105.76, with a market capitalization of approximately $12.61 billion.
• Analysts maintain a generally positive outlook, with 21 Buy ratings, one Hold and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $109.48. JFrog also exceeded quarterly earnings and revenue expectations, with revenue rising 28.7% year over year.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Shlomi Ben Haim sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $97.52, for a total transaction of $1,462,800.00. Following the transaction, the chief executive officer directly owned 4,434,305 shares in the company, valued at $432,433,423.60. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Shlomi Ben Haim sold 45,700 shares of JFrog stock. The stock was sold at an average price of $85.35, for a total value of $3,900,495.00.
• On Wednesday, September 2nd, Shlomi Ben Haim sold 37,232 shares of JFrog stock. The shares were sold at an average price of $90.51, for a total transaction of $3,369,868.32.
• On Friday, August 7th, Shlomi Ben Haim sold 15,000 shares of JFrog stock. The shares were sold at an average price of $91.00, for a total transaction of $1,365,000.00.

JFrog Price Performance

Shares of FROG stock traded up $4.98 on Friday, hitting $102.23. 1,125,022 shares of the company's stock were exchanged, compared to its average volume of 2,751,297. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $105.76. The stock has a market cap of $12.61 billion, a P/E ratio of -276.29 and a beta of 1.24. The company has a 50 day moving average of $91.54 and a 200 day moving average of $77.13.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.JFrog's quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Sell-side analysts predict that JFrog Ltd. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FROG has been the topic of several analyst reports. Guggenheim lifted their target price on JFrog from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Wall Street Zen cut JFrog from a "buy" rating to a "hold" rating in a research note on Sunday, August 23rd. Morgan Stanley set a $100.00 price objective on shares of JFrog in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of JFrog from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Truist Financial increased their target price on shares of JFrog from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $109.48.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in the business. Millstone Evans Group LLC boosted its position in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company's stock valued at $28,000 after acquiring an additional 427 shares during the period. Allworth Financial LP increased its holdings in JFrog by 83.1% during the 2nd quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $59,000 after acquiring an additional 294 shares during the period. Western Wealth Management LLC purchased a new stake in JFrog in the 1st quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in JFrog by 12,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company's stock valued at $47,000 after purchasing an additional 754 shares during the period. Finally, Bessemer Group Inc. bought a new position in JFrog in the 1st quarter valued at $36,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

About JFrog

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company's product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.