JFrog (NASDAQ:FROG) CEO Sells $721,200.00 in Stock

Key Points

• JFrog CEO Ben Haim Shlomi sold 15,000 shares of the company stock for $721,200 on October 7th, reducing his ownership by 0.31% to approximately 4.88 million shares valued at over $234 million.
• JFrog's stock price decreased by 0.5%, reaching $47.85, and has a market cap of $5.59 billion with a 52-week high of $51.94 and a low of $27.00.
• Recent analyst reports reflect mixed sentiments, with Morgan Stanley increasing its price target to $65 while Weiss Ratings reiterated a "sell" rating, indicating varied confidence in JFrog's future performance.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) CEO Ben Haim Shlomi sold 15,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $48.08, for a total transaction of $721,200.00. Following the completion of the sale, the chief executive officer directly owned 4,884,152 shares in the company, valued at $234,830,028.16. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 8th, Ben Haim Shlomi sold 38,159 shares of JFrog stock. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88.
• On Tuesday, September 2nd, Ben Haim Shlomi sold 29,101 shares of JFrog stock. The shares were sold at an average price of $47.78, for a total transaction of $1,390,445.78.

JFrog Stock Down 0.5%

Shares of NASDAQ:FROG traded down $0.23 during trading on Thursday, reaching $47.85. The stock had a trading volume of 642,732 shares, compared to its average volume of 1,123,706. The business has a fifty day moving average price of $47.03 and a 200-day moving average price of $41.38. The stock has a market cap of $5.59 billion, a P/E ratio of -62.14 and a beta of 1.05. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FROG. Morgan Stanley boosted their price objective on shares of JFrog from $50.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 price target (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. DA Davidson upped their price target on shares of JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JFrog in a research report on Wednesday. Finally, Wall Street Zen lowered shares of JFrog from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.69.

Institutional Investors Weigh In On JFrog

A number of large investors have recently added to or reduced their stakes in FROG. Park Avenue Securities LLC grew its holdings in JFrog by 25.9% during the 1st quarter. Park Avenue Securities LLC now owns 8,750 shares of the company's stock valued at $280,000 after purchasing an additional 1,801 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in JFrog by 8.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,466 shares of the company's stock valued at $623,000 after purchasing an additional 1,442 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in JFrog by 9.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the company's stock valued at $526,000 after purchasing an additional 1,355 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in JFrog during the 1st quarter worth $3,199,000. Finally, Summit Trail Advisors LLC grew its holdings in JFrog by 72.9% during the 1st quarter. Summit Trail Advisors LLC now owns 94,873 shares of the company's stock worth $3,036,000 after acquiring an additional 40,000 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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.

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