FROG JFrog Ltd

BEARISH Impact: 6/10 Insider Cluster (3 insiders)
Horizon weeks Filed Jun 4, 2026 Processed 8d 11h ago
Insider cluster: 2 insiders, $4.7M total

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Executive Summary

JFrog CEO Shlomi Ben Haim and CFO Eduard Grabscheid sold a total of $4.66M in open-market sales over a 5-day window. CEO Ben Haim alone sold ~94K shares worth $7.57M when including a slightly earlier trade, making this a significant insider sell cluster at a $10.2B market cap company.

Key Financial Metrics

Direction
selling
Total Value
$10.5M
Insiders
3

Actionable Insight

CEO selling nearly $8M in a concentrated window, 3 weeks after FROG's strong YTD run, suggests possible bearish positioning ahead of next earnings. Monitor Q2 guidance and any 10b5-1 amendments. The CRO and CFO joining the sell cluster adds weight.

Key Facts

  • CEO Shlomi Ben Haim sold 94,293 shares total ($7.57M) between May 29 and June 2 at $75-$86.54.
  • CFO Eduard Grabscheid sold 11,386 shares ($981K) on June 2-3.
  • CRO Tali Notman sold 22,854 shares ($1.98M) on June 2.
  • Total cluster value (explicit window): $4.66M; broader cluster (including May 29): $10.5M.
  • Sales represent ~0.05% of $10.2B market cap, which is modest but concentrated in C-suite.
  • 93% of analysts rate FROG a Buy; recent T+20 win rate on FROG reports is 89%.
  • Score calibration shows modest observed p_obs at score=6 (30%), but CEO sell cluster is an asymmetric-strong signal per literature.

Financial Impact

C-suite sold ~$10.5M of stock in 5 days, representing ~0.1% of market cap. While the percentage is small, the concentration in the CEO is notable.

insider ownershipsupply overhang

Risk Factors

  • CEO sell cluster may signal near-term pessimism despite strong analyst sentiment
  • Possible secondary offering or lockup expiration if insiders continue selling at pace
  • Disconnect between bullish consensus (93%) and insider selling pattern

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
93% bullish (29 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-FROG-1780604235943
18 reports for FROG
Performance horizon
80% Hit rate 4 of 5 directional calls best @ T+5▲ +9.62%Apr 7, 2026
Filters
Rows
Reports for FROG — sortable, filterable
Type Now
Jun 10, 2026
2d ago
Insider Cluster
BEARISH ★ 4/10
$80.34 awaiting T+1awaiting T+1$77.74 (+3.24%)
Jun 8, 2026
4d ago
144
NEUTRAL ★ 2/10
$85.70 awaiting T+1awaiting T+1$77.74 (−9.28%)
Jun 4, 2026
8d ago
Insider Cluster
BEARISH ★ 6/10
$86.19 awaiting T+1awaiting T+1$77.74 (+9.80%)
Jun 2, 2026
10d ago
Insider Cluster
NEUTRAL ★ 2/10
$83.86 $86.16▲ +2.74%▲ +2.34%$77.74 (−7.30%)
May 22, 2026
21d ago
144
NEUTRAL ★ 1/10
$73.01 $71.38▼ −2.23%▼ −2.25%$77.74 (+6.48%)
May 18, 2026
25d ago
Insider Cluster
NEUTRAL ★ 2/10
$73.01 $71.38▼ −2.23%▼ −2.25%$77.74 (+6.48%)
May 18, 2026
25d ago
Insider Cluster
NEUTRAL ★ 3/10
$70.63 $73.43▲ +3.96%▲ +2.92%$77.74 (+10.07%)
May 18, 2026
25d ago
Insider Cluster
NEUTRAL ★ 2/10
$70.63 $73.43▲ +3.96%▲ +2.92%$77.74 (+10.07%)
May 1, 2026
6w ago
144
NEUTRAL ★ 1/10
$52.58 $54.41▲ +3.48%▲ +2.69%$77.74 (+47.85%)
May 1, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$49.89 $52.58▲ +5.39%▲ +5.73%$77.74 (+55.82%)
Showing 10 of 18

US Market Status

Market Closed — Opens Mon (53h 16m)

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