Ben Haim Shlomi Sells 54,279 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 54,279 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the sale, the chief executive officer now directly owns 4,996,412 shares of the company's stock, valued at $215,195,464.84. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, June 5th, Ben Haim Shlomi sold 17,859 shares of JFrog stock. The shares were sold at an average price of $42.87, for a total value of $765,615.33.
• On Wednesday, April 9th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The stock was sold at an average price of $30.04, for a total value of $533,961.00.

JFrog Stock Down 0.6%

Shares of FROG stock traded down $0.26 on Wednesday, reaching $41.96. The stock had a trading volume of 764,193 shares, compared to its average volume of 1,134,790. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $45.10. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of -66.60 and a beta of 1.07. The firm's 50-day moving average is $37.11 and its two-hundred day moving average is $34.71.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FROG. Raymond James initiated coverage on JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price on the stock. Truist Financial lifted their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. DA Davidson boosted their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Morgan Stanley raised their target price on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

Institutional Investors Weigh In On JFrog

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of JFrog by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock worth $2,379,000 after buying an additional 439 shares during the period. US Bancorp DE grew its stake in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares during the last quarter. IFP Advisors Inc raised its holdings in JFrog by 10.2% in the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after acquiring an additional 548 shares during the period. Finally, Snowden Capital Advisors LLC raised its holdings in JFrog by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after acquiring an additional 564 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

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.