JFrog Ltd. (NASDAQ:FROG) Short Interest Update

JFrog Ltd. (NASDAQ:FROG) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,930,000 shares, an increase of 6.9% from the December 31st total of 2,740,000 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 968,900 shares, the days-to-cover ratio is presently 3.0 days.

JFrog Stock Performance

FROG traded up $0.57 during trading on Tuesday, reaching $36.02. 105,277 shares of the stock were exchanged, compared to its average volume of 885,004. The stock’s 50 day moving average price is $31.77 and its two-hundred day moving average price is $30.69. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The stock has a market cap of $3.67 billion, a P/E ratio of -67.94 and a beta of 0.97.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The firm had revenue of $109.06 million during the quarter, compared to the consensus estimate of $105.54 million. During the same period in the previous year, the company posted ($0.10) earnings per share. Equities research analysts predict that JFrog will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. TD Cowen boosted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group increased their target price on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.89.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the completion of the sale, the chief executive officer now directly owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Yoav Landman sold 4,111 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.07, for a total value of $148,283.77. Following the completion of the sale, the chief technology officer now directly owns 6,563,131 shares of the company’s stock, valued at $236,732,135.17. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 356,044 shares of company stock worth $11,414,883. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in JFrog during the 2nd quarter valued at $222,000. Mackenzie Financial Corp lifted its position in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JFrog by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,427 shares of the company’s stock worth $805,000 after buying an additional 1,368 shares in the last quarter. Sanctuary Advisors LLC bought a new position in JFrog during the 2nd quarter worth $188,000. Finally, Handelsbanken Fonder AB lifted its position in shares of JFrog by 53.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 23,700 shares of the company’s stock worth $688,000 after purchasing an additional 8,300 shares during the period. 85.02% of the stock is currently owned by institutional investors.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.