Insider Selling: JFrog Ltd. (NASDAQ:FROG) CEO Sells 16,769 Shares of Stock

In a transaction that took place on Friday, 2nd June, 16,769 of the company's shares were sold. The shares were purchased at an average of $23.79 for a transaction totaling $398,934.51. After the sale was completed, the chief executive now owns directly 5,411,932 company shares, worth approximately $128 749 862.28. This link
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Ben Haim Shlomi made the following recent trades:

Ben Haim Shlomi, on Monday, 5th June, sold 31,054 JFrog shares. The shares were sold for an average of $24.01, resulting in a transaction totaling $745,606.54.

Ben Haim Shlomi has sold 45,860 JFrog shares on Wednesday, 19th April. The shares were sold for an average of $20.96. This totaled $961,225.60.

During Tuesday's midday trading, a share of 888.82 gained $1.72 to reach $25.82. Stock of the company traded 1,411,754 versus its average of 838.666 shares. The 50-day moving average of the company is $21.12, and its 200 day moving average, $21.88. JFrog Ltd.'s 12-month low is $16.94, and its 12-month high is $27.96. The company has a $2.63 billion market capitalization, a PE of -28.06, and a beta value of 0.43.

Analysts set new price targets

FROG was the subject of a few analyst reports. Canaccord Genuity Group reduced their price target on shares of JFrog to $27.00 in a report published on Thursday, Feb. 9th. They also gave the company a "buy" rating. Oppenheimer reduced their price target on shares of JFrog to $26.00 in a report published on Monday, April 17. The company was given an 'outperform rating'. JPMorgan Chase & Co. raised their price target on shares of JFrog to $29.00 in a report published on Monday, Feb. 6th. The company was also given an 'overweight rating'. DA Davidson began covering shares of JFrog on Tuesday, May 9. They gave the company a 'buy rating' and set a price target of $25.00. Needham & Company LLC reduced their price target for shares of JFrog in a research report on Thursday, 5th May from $28.00 down to $25.00. Nine analysts gave the stock a buy recommendation, while two research analysts rated it as a hold. According to MarketBeat the company's consensus rating is 'Moderate buy' with an average price of $27.55.

Hedge Funds weigh in on JFrog

Hedge funds have made recent changes to the positions they hold in various businesses. Vanguard Group Inc. increased its stake in JFrog shares by 3.8% during the third quarter. Vanguard Group Inc. owns 5,056,555 of the company stock, valued at $111,000,000, after purchasing an additional 184.093 shares. Insight Group LLC increased its stake in JFrog shares by 3.5% during the first quarter. Insight Group LLC owns 5,022,177 of the company stock, valued at $989.369,000, after adding 168,242 additional shares. Wasatch Advisors LP increased its stake in JFrog shares by 17.3% during the first quarter. Wasatch Advisors LP owns 3,261,952 of the company stock, valued at $64,260,000. This is after acquiring 481,273 additional shares. Bank of New York Mellon Corp increased its holdings of JFrog during the first quarter by 9.3%. Bank of New York Mellon Corp owns 2,692,524 of the company’s stock, valued at $53,043,000. This is after buying an additional 229.988 shares during the last quarter. Eminence Capital LP increased its holdings of JFrog during the fourth quarter by 3.2%. Eminence Capital LP owns now 2,465,933 of the company stock, valued at $52,598,000. This is after buying an additional 774,28 shares during the last quarter. 53.34% of company stock is owned by hedge funds and institutional investors.

JFrog Company Profile

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JFrog Ltd. offers DevOps platforms in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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