JFrog Ltd. (NASDAQ:FROG – Get Free Report) CEO Ben Haim Shlomi sold 48,763 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $75.04, for a total transaction of $3,659,175.52. Following the completion of the sale, the chief executive officer directly owned 4,845,601 shares of the company’s stock, valued at $363,613,899.04. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 stock was 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 stock was 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 shares were sold at an average price of $40.15, for a total value of $2,884,416.15.
JFrog Trading Up 9.2%
NASDAQ:FROG opened at $79.48 on Friday. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $79.87. The stock’s 50 day simple moving average is $54.17 and its 200-day simple moving average is $55.21. The firm has a market cap of $9.63 billion, a P/E ratio of -149.96 and a beta of 1.02.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays boosted their target price on JFrog from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and set a $70.00 target price on shares of JFrog in a research note on Thursday, February 26th. Stifel Nicolaus raised their price target on JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of JFrog in a research note on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.63.
Get Our Latest Report on JFrog
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of JFrog by 48.4% during the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after acquiring an additional 61,685 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of JFrog in the 1st quarter worth approximately $205,000. AQR Capital Management LLC purchased a new position in JFrog in the 1st quarter valued at approximately $368,000. Integrated Wealth Concepts LLC purchased a new position in JFrog in the 1st quarter valued at approximately $203,000. Finally, Goldman Sachs Group Inc. boosted its position in JFrog by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock worth $22,173,000 after purchasing an additional 88,784 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.
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