Ben Haim Shlomi Sells 17,859 Shares of JFrog Ltd. (NASDAQ:FROG) Stock

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 17,859 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $42.87, for a total transaction of $765,615.33. Following the completion of the transaction, the chief executive officer now directly owns 5,050,691 shares in the company, valued at approximately $216,523,123.17. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $43.07, for a total value of $2,337,796.53.
• On Wednesday, April 9th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $30.04, for a total value of $533,961.00.

JFrog Trading Up 0.1%

Shares of FROG stock traded up $0.06 during trading hours on Thursday, hitting $42.02. 955,950 shares of the company were exchanged, compared to its average volume of 1,134,078. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -66.70 and a beta of 1.07. The firm has a fifty day simple moving average of $37.11 and a 200 day simple moving average of $34.71. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10.

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 the consensus estimate of $0.16 by $0.04. The business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. JFrog's revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FROG. Jones Financial Companies Lllp lifted its holdings in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. Signaturefd LLC raised its position in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of JFrog by 32.4% during 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 in the last quarter. Bayforest Capital Ltd bought a new position in JFrog in the 1st quarter worth approximately $104,000. Finally, Smartleaf Asset Management LLC grew its stake in 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 in the last quarter. Institutional investors own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FROG. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. DA Davidson upped their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Raymond James began coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price for the company. Scotiabank cut their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three investment 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.44.

JFrog Company Profile

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.