JFrog (NASDAQ:FROG) CEO Sells $1,298,000.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 25,000 shares of JFrog stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $51.92, for a total value of $1,298,000.00. Following the sale, the chief executive officer owned 4,741,893 shares of the company’s stock, valued at approximately $246,199,084.56. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $1,491,500.00.

JFrog Price Performance

Shares of JFrog stock opened at $51.99 on Thursday. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The firm has a market cap of $6.15 billion, a PE ratio of -74.27 and a beta of 1.13. The company has a 50 day simple moving average of $60.32 and a two-hundred day simple moving average of $53.53.

Analysts Set New Price Targets

FROG has been the subject of a number of research reports. Oppenheimer upgraded JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, November 7th. Morgan Stanley upped their target price on JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. DA Davidson raised shares of JFrog to a “strong-buy” rating in a research note on Friday, November 7th. Piper Sandler upped their price objective on shares of JFrog from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of JFrog by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after acquiring an additional 362,654 shares in the last quarter. Wasatch Advisors LP increased its position in JFrog by 6.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock valued at $128,306,000 after purchasing an additional 153,283 shares during the period. Fiera Capital Corp raised its holdings in JFrog by 37.5% in the 4th quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock worth $140,750,000 after purchasing an additional 614,383 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of JFrog by 3.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock worth $83,521,000 after purchasing an additional 56,213 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of JFrog by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 1,607,498 shares of the company’s stock worth $76,083,000 after purchasing an additional 170,146 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.