JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 48,763 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $75.04, for a total value of $3,659,175.52. Following the transaction, the chief executive officer directly owned 4,845,601 shares of the company’s stock, valued at approximately $363,613,899.04. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ben Haim Shlomi also recently made the following trade(s):
- On Wednesday, May 6th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $52.27, for a total value of $1,306,750.00.
- On Tuesday, April 7th, Ben Haim Shlomi sold 25,000 shares of JFrog stock. The shares were sold at an average price of $48.88, for a total value of $1,222,000.00.
- On Friday, March 6th, Ben Haim Shlomi sold 25,363 shares of JFrog stock. The shares were sold at an average price of $41.50, for a total value of $1,052,564.50.
- 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 transaction of $2,884,416.15.
JFrog Trading Up 1.9%
Shares of JFrog stock opened at $72.77 on Friday. The company’s 50-day moving average price is $53.46 and its two-hundred day moving average price is $55.04. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $75.08. The stock has a market cap of $8.81 billion, a PE ratio of -137.30 and a beta of 1.02.
Analyst Upgrades and Downgrades
FROG has been the topic of several research reports. TD Cowen dropped their price target on shares of JFrog from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. DA Davidson set a $90.00 price target on shares of JFrog in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $80.00 price objective on shares of JFrog in a report on Friday, May 8th. Barclays boosted their price objective on JFrog from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Needham & Company LLC boosted their price objective on JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.63.
Read Our Latest Stock Analysis on FROG
Institutional Trading of JFrog
A number of hedge funds have recently modified their holdings of FROG. Millstone Evans Group LLC lifted its holdings in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of JFrog in the 4th quarter valued at about $30,000. Western Wealth Management LLC acquired a new position in shares of JFrog in the 1st quarter valued at about $30,000. Bessemer Group Inc. acquired a new position in shares of JFrog in the 1st quarter valued at about $36,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.
JFrog Company Profile
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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