JFrog (NASDAQ:FROG) CEO Sells $690,150.00 in Stock

JFrog Ltd. (NASDAQ:FROG) CEO Ben Haim Shlomi sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $46.01, for a total value of $690,150.00. Following the completion of the transaction, the chief executive officer owned 4,869,152 shares of the company’s stock, valued at approximately $224,029,683.52. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, October 7th, Ben Haim Shlomi sold 15,000 shares of JFrog stock. The stock was sold at an average price of $48.08, for a total transaction of $721,200.00.
• On Monday, September 8th, Ben Haim Shlomi sold 38,159 shares of JFrog stock. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88.
• On Tuesday, September 2nd, Ben Haim Shlomi sold 29,101 shares of JFrog stock. The stock was sold at an average price of $47.78, for a total transaction of $1,390,445.78.

JFrog Trading Up 7.2%

Shares of NASDAQ FROG traded up $4.32 during trading on Monday, reaching $64.32. 4,444,664 shares of the company traded hands, compared to its average volume of 1,146,767. The stock has a market cap of $7.51 billion, a P/E ratio of -91.89 and a beta of 1.02. The firm’s fifty day simple moving average is $48.70 and its 200 day simple moving average is $44.21. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $65.50.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.82%. The company had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter last year, the business earned $0.15 earnings per share. The firm’s revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FROG. Signaturefd LLC boosted its stake in JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 1,152 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in JFrog during the 1st quarter worth approximately $104,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock worth $123,000 after acquiring an additional 800 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 issued reports on FROG shares. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their price target on shares of JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial restated a “buy” rating and issued a $70.00 target price (up previously from $55.00) on shares of JFrog in a research report on Friday. Barclays lifted their price target on JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, KeyCorp increased their price objective on JFrog from $57.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.69.

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.