JFrog (NASDAQ:FROG) CEO Ben Haim Shlomi Sells 25,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $51.92, for a total transaction of $1,298,000.00. Following the completion of the transaction, the chief executive officer owned 4,741,893 shares of the company’s stock, valued at $246,199,084.56. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 stock was sold at an average price of $59.66, for a total value of $1,491,500.00.

JFrog Stock Performance

JFrog stock opened at $51.25 on Tuesday. The stock has a market cap of $6.06 billion, a PE ratio of -73.21 and a beta of 1.13. JFrog Ltd. has a one year low of $27.00 and a one year high of $70.43. The stock has a 50-day moving average of $60.70 and a two-hundred day moving average of $53.46.

Wall Street Analyst Weigh In

FROG has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of JFrog from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Barclays increased their target price on shares of JFrog from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. BTIG Research started coverage on JFrog in a research note on Tuesday, December 16th. They issued a “buy” rating and a $83.00 price target for the company. DA Davidson upgraded JFrog to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley boosted their price objective on JFrog from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.71.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC boosted its holdings 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 during the period. Snowden Capital Advisors LLC boosted its stake in shares of JFrog by 1.7% in the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after purchasing an additional 253 shares during the period. Park Avenue Securities LLC grew its holdings in shares of JFrog by 3.1% in the fourth quarter. Park Avenue Securities LLC now owns 9,362 shares of the company’s stock valued at $585,000 after purchasing an additional 279 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in 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 buying an additional 299 shares during the period. Finally, Arizona State Retirement System lifted its holdings in JFrog by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock worth $1,362,000 after buying an additional 362 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.