Ben Haim Shlomi sells 18,875 shares of JFrog Ltd. (NASDAQ: FROG)
The CEO of JFrog Ltd. (NASDAQ:FROG – Get Rating) Ben Haim Shlomi sold 18,875 shares of JFrog in a trade on Wednesday, June 1. The stock was sold at an average price of $19.04, for a total value of $359,380.00. As a result of the transaction, the CEO now directly owns 5,359,402 shares of the company, valued at approximately $102,043,014.08. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink.
FROG stock traded at $1.20 during Thursday’s trading, hitting $20.13. The stock had a trading volume of 746,870 shares, compared to an average volume of 824,963. The company’s 50-day moving average price is $22.08 and its two-hundred-day moving average price is 25 $.68. JFrog Ltd. has a 1-year minimum of $16.36 and a 1-year maximum of $50.31. The stock has a market capitalization of $1.96 billion, a price-earnings ratio of -25.81 and a beta of 0.89.
JFrog (NASDAQ:FROG – Get Rating) last released its quarterly earnings data on Monday, May 9. The company reported ($0.14) EPS for the quarter, missing analyst consensus estimates of ($0.13) by ($0.01). JFrog had a negative net margin of 33.74% and a negative return on equity of 9.02%. The company posted revenue of $63.70 million for the quarter, versus analyst estimates of $61.32 million. As a group, analysts predict that JFrog Ltd. will show -0.52 earnings per share for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Baillie Gifford & Co. increased its stake in JFrog shares by 30.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,686,068 shares of the company valued at $50,077,000 after acquiring 393,545 additional shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in JFrog stock during Q3 worth approximately $2,864,000. Phoenix Holdings Ltd. increased its holdings of JFrog shares by 7.4% during the 4th quarter. Phoenix Holdings Ltd. now owns 40,794 shares of the company worth $1,233,000 after purchasing an additional 2,827 shares during the period. Renaissance Technologies LLC increased its holdings of JFrog shares by 14.8% during the 4th quarter. Renaissance Technologies LLC now owns 863,500 shares of the company worth $25,646,000 after purchasing an additional 111,298 shares during the period. Finally, Spark Growth Management Partners II LLC purchased a new stake in JFrog stock during Q4 worth approximately $62,826,000. 65.75% of the shares are held by institutional investors.
FROG has been the subject of several research reports. Oppenheimer reduced his price target on JFrog from $45.00 to $37.00 in a Tuesday, May 10 research note. Stifel Nicolaus reduced his price target on JFrog from $36.00 to $29.00 in a Tuesday, May 10 research note. Piper Sandler reduced her target price on JFrog shares from $24.00 to $20.00 in a Thursday, May 26 research note. Needham & Company LLC reduced its target price on JFrog shares from $32.00 to $23.00 in a Tuesday, May 10 research note. Finally, Morgan Stanley cut its price target on JFrog shares from $43.00 to $40.00 and set an “equal weight” rating for the company in a Monday, Feb. 14 research note. Three research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.33.
JFrog Company Profile (Get a rating)
JFrog Ltd. provides the DevOps platform in the United States. The company’s products include JFrog Artifactory, a package repository that enables teams and organizations to store, update and manage their software packages at any scale; JFrog Pipelines, a continuous integration/delivery tool to automate and orchestrate the movement of software packages; JFrog Xray, which scans JFrog Artifactory; and JFrog Distribution which provides software package distribution with enterprise-grade performance.
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