JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 25,363 shares of JFrog stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $41.50, for a total value of $1,052,564.50. Following the completion of the transaction, the chief executive officer owned 4,790,249 shares of the company’s stock, valued at approximately $198,795,333.50. This represents a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ben Haim Shlomi also recently made the following trade(s):
- On Monday, March 2nd, Ben Haim Shlomi sold 71,841 shares of JFrog stock. The stock was sold at an average price of $40.15, for a total value of $2,884,416.15.
- On Thursday, February 5th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $51.92, for a total value of $1,298,000.00.
- On Wednesday, January 7th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $59.66, for a total value of $1,491,500.00.
JFrog Price Performance
Shares of FROG stock opened at $41.85 on Thursday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -67.50 and a beta of 1.20. The stock has a 50 day simple moving average of $51.10 and a 200-day simple moving average of $53.49. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $70.43.
Hedge Funds Weigh In On JFrog
Several hedge funds and other institutional investors have recently modified their holdings of FROG. Verdence Capital Advisors LLC grew its stake in JFrog by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock valued at $481,000 after acquiring an additional 253 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in JFrog by 1.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after purchasing an additional 253 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of JFrog by 3.1% during the 4th quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock worth $585,000 after purchasing an additional 279 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of JFrog by 2.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock worth $948,000 after purchasing an additional 299 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of JFrog by 1.3% in the third quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock valued at $1,362,000 after purchasing an additional 362 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FROG. Morgan Stanley set a $70.00 target price on shares of JFrog in a research report on Monday, February 23rd. KeyCorp upped their price target on shares of JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. TD Cowen raised their price target on shares of JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 13th. DA Davidson lowered their price objective on JFrog from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, BTIG Research cut their price objective on JFrog from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $67.42.
View Our Latest Stock Analysis on FROG
About JFrog
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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