On September 6, 2024, Ben Shlomi, Chief Executive Officer of JFrog Ltd (FROG, Financial), executed a sale of 16,714 shares of the company at a price of $28.21 per share. This transaction was documented in an SEC Filing. Following this sale, the insider now owns 5,010,779 shares of JFrog Ltd.
JFrog Ltd specializes in providing software development tools with a focus on artifact repository management solutions. The company's platform aims to streamline the process of software updates and distribution, enhancing the efficiency of development cycles.
Over the past year, the insider has sold a total of 610,394 shares and has not made any purchases. This recent transaction is part of a broader trend observed at JFrog Ltd, where there have been 76 insider sells and no insider buys over the past year.
As of the latest transaction, JFrog Ltd (FROG, Financial) has a market cap of approximately $3.07 billion. The stock's price on the day of the transaction was $28.21. According to GF Value, the stock is considered modestly undervalued with a price-to-GF-Value ratio of 0.78, suggesting a potential undervaluation based on historical trading multiples, adjustments for past returns and growth, and future business performance estimates.
The GF Value is a proprietary measure used to estimate the fair value of a stock, incorporating factors such as historical price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with adjustments based on the company's past performance and expected future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of company performance and valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
