Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 54,279 Shares of Stock

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

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 transaction 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 Performance

JFrog stock traded up $0.06 during midday trading on Thursday, hitting $42.02. 955,950 shares of the company were exchanged, compared to its average volume of 1,134,078. The business has a fifty day simple moving average of $37.11 and a two-hundred day simple moving average of $34.71. The firm has a market capitalization of $4.81 billion, a PE ratio of -66.70 and a beta of 1.07. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same period in the previous year, the firm earned $0.16 EPS. The business's quarterly revenue was up 22.0% on a year-over-year basis. As a group, equities analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently modified their holdings of the business. Siren L.L.C. raised its holdings in JFrog by 9.6% in the 1st quarter. Siren L.L.C. now owns 131,616 shares of the company's stock worth $4,212,000 after purchasing an additional 11,500 shares during the period. Diker Management LLC purchased a new stake in shares of JFrog in the first quarter valued at approximately $480,000. Acadian Asset Management LLC acquired a new position in shares of JFrog during the 1st quarter worth approximately $162,000. Bayforest Capital Ltd purchased a new position in shares of JFrog during the 1st quarter valued at approximately $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of JFrog by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 205,745 shares of the company's stock valued at $6,584,000 after buying an additional 20,193 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial upped their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. KeyCorp reiterated an "overweight" rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Raymond James assumed coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.44.

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.