JFrog Ltd. (NASDAQ:FROG) CEO Sells $626,250.00 in Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 15,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.75, for a total transaction of $626,250.00. Following the sale, the chief executive officer directly owned 4,981,412 shares in the company, valued at $207,973,951. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 6th, Ben Haim Shlomi sold 54,279 shares of JFrog stock. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53.
• 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.

JFrog Stock Down 1.8%

JFrog stock traded down $0.73 during mid-day trading on Friday, reaching $39.83. 878,773 shares of the company's stock were exchanged, compared to its average volume of 1,126,534. The company has a market cap of $4.56 billion, a P/E ratio of -56.10 and a beta of 1.06. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10. The company has a fifty day moving average of $41.67 and a 200-day moving average of $36.43.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The business had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same period last year, the business earned $0.16 EPS. The company's revenue was up 22.0% on a year-over-year basis. Equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares in the last quarter. Signaturefd LLC raised its stake in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after acquiring an additional 329 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in JFrog during the 1st quarter worth $104,000. Finally, Smartleaf Asset Management LLC raised its stake in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after acquiring an additional 800 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FROG. Raymond James Financial set a $50.00 price target on shares of JFrog and gave the company an "outperform" rating in a report on Tuesday, July 1st. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. DA Davidson upped their price target on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley upped their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.06.

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.