JFrog CEO Shlomi Ben Haim sells $2.03 million in shares

SUNNYVALE, CA—Shlomi Ben Haim, Chief Executive Officer of JFrog Ltd (NASDAQ:FROG), sold 47,189 ordinary shares on June 2, according to a recent SEC filing. The shares were sold at a price of $42.94 each, totaling approximately $2.03 million. The transaction comes as JFrog, now valued at $4.92 billion, trades near its 52-week high of $44.89, having delivered an impressive 47.67% return year-to-date.

This transaction was not a discretionary sale by Ben Haim but was conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). Following this sale, Ben Haim retains ownership of 5,068,550 shares. The company maintains strong financial health with a 76.06% gross margin and healthy liquidity, as indicated by a 2.14 current ratio. InvestingPro analysis reveals 13 additional key insights about JFrog’s financial performance and growth prospects.

In other recent news, JFrog Ltd. reported its first-quarter 2025 earnings, surpassing forecasts with earnings per share of $0.20 against a projected $0.15, and revenue reaching $122.4 million, exceeding expectations of $117.39 million. The company also experienced a 22% year-over-year revenue increase, primarily driven by strong cloud growth. Analysts from Stifel have maintained a Buy rating on JFrog, highlighting the impressive first-quarter results and robust cloud performance. Similarly, TD Cowen raised JFrog’s price target to $50, citing cloud revenue growth that exceeded Wall Street expectations. DA Davidson also increased its price target to $45, emphasizing JFrog’s strong start to the year and growing demand for security solutions. Additionally, JFrog announced a significant partnership with a leading AI company, further underscoring its influence in the industry. The company has appointed Sunny Rao as Senior Vice President of Asia Pacific sales to lead expansion efforts in the region. JFrog remains cautious in its full-year 2025 guidance due to macroeconomic uncertainties, despite raising its forecast for cloud growth by 100 basis points.

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