Insider Selling: JFrog (NASDAQ:FROG) CEO Sells 38,159 Shares of Stock

Key Points

• JFrog CEO Ben Haim Shlomi sold 38,159 shares at an average price of $50.32 on September 8, totaling approximately $1.92 million, reducing his ownership by 0.77% to 4,899,512 shares valued at around $246.54 million.
• JFrog's quarterly earnings showed a 23.5% revenue increase year-over-year, reporting $127.20 million and beating analysts' expectations while setting FY 2025 guidance between $0.680 to $0.70 EPS.
• Several analysts have raised their price targets for JFrog, with DA Davidson increasing its target from $55 to $60, reflecting overall positive sentiment among investment analysts who rate the stock as a "Moderate Buy."

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 38,159 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the transaction, the chief executive officer directly owned 4,899,512 shares of the company's stock, valued at approximately $246,543,443.84. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal 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, September 2nd, Ben Haim Shlomi sold 29,101 shares of JFrog stock. The stock was sold at an average price of $47.78, for a total value of $1,390,445.78.
• On Tuesday, July 8th, Ben Haim Shlomi sold 15,000 shares of JFrog stock. The stock was sold at an average price of $41.75, for a total value of $626,250.00.

JFrog Stock Down 1.2%

NASDAQ:FROG traded down $0.58 during trading hours on Monday, hitting $49.36. 1,446,173 shares of the company were exchanged, compared to its average volume of 1,384,943. JFrog Ltd. has a one year low of $27.00 and a one year high of $50.98. The company has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $39.66.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same period last year, the company earned $0.15 EPS. JFrog's revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird increased their price target on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday. Stifel Nicolaus increased their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial increased their price target on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and set a $48.00 price target (up from $40.00) on shares of JFrog in a report on Friday, August 8th. Finally, KeyCorp increased their price target on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and an average target price of $49.93.

Institutional Trading of JFrog

Large investors have recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after buying an additional 329 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of JFrog in the 1st quarter valued at about $104,000. Smartleaf Asset Management LLC grew its stake in shares of JFrog by 26.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after buying an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in JFrog during the 1st quarter valued at about $128,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.