Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 34,652 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 34,652 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $31.30, for a total value of $1,084,607.60. Following the completion of the transaction, the chief executive officer now directly owns 4,902,359 shares of the company’s stock, valued at approximately $153,443,836.70. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 2nd, Ben Haim Shlomi sold 20,443 shares of JFrog stock. The shares were 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 transaction of $567,555.75.
• On Thursday, October 10th, Ben Haim Shlomi sold 35,550 shares of JFrog stock. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00.

JFrog Trading Down 2.2 %

Shares of JFrog stock traded down $0.67 during trading on Tuesday, hitting $30.26. The stock had a trading volume of 537,233 shares, compared to its average volume of 1,240,169. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -58.36 and a beta of 0.94. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The business’s 50-day moving average is $30.36 and its 200 day moving average is $31.42.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in shares of JFrog in the second quarter worth approximately $6,576,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in JFrog by 30.7% during the third 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. Principal Financial Group Inc. grew its stake in JFrog by 55.8% in the 3rd 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 in the last quarter. North Peak Capital Management LLC bought a new position in shares of JFrog in the 3rd quarter worth $73,417,000. Finally, Atom Investors LP raised its position in shares of 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 buying an additional 24,120 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen increased their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Barclays decreased their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. KeyCorp upped their price objective on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.