JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 17,775 Shares

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the transaction, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at $154,010,933.52. This represents a 0.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, December 6th, Ben Haim Shlomi sold 34,652 shares of JFrog stock. The shares were sold at an average price of $31.30, for a total value of $1,084,607.60.
• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The stock was sold at an average price of $30.60, for a total value of $625,555.80.
• On Thursday, November 7th, Ben Haim Shlomi sold 17,775 shares of JFrog stock. The shares were sold at an average price of $31.93, for a total value of $567,555.75.

JFrog Stock Up 1.7 %

Shares of FROG opened at $31.93 on Friday. The business has a fifty day moving average of $30.86 and a 200 day moving average of $31.05. The company has a market cap of $3.25 billion, a PE ratio of -60.25 and a beta of 0.95. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Institutional Investors Weigh In On JFrog

Institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JFrog by 30.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after buying an additional 159,483 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after buying an additional 514,895 shares during the period. North Peak Capital Management LLC bought a new stake in shares of JFrog during the 3rd quarter worth approximately $73,417,000. Finally, Atom Investors LP boosted its holdings in JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after acquiring an additional 24,120 shares during the period. Institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Robert W. Baird raised their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Truist Financial reissued a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, Needham & Company LLC lifted their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.72.

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.