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 November. As of November 15th, there was short interest totalling 3,670,000 shares, an increase of 8.3% from the October 31st total of 3,390,000 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 3.0 days.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at $185,562,776. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the completion of the sale, the director now owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,085 shares of company stock worth $4,381,669. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 3rd quarter valued at $29,000. West Tower Group LLC acquired a new stake in shares of JFrog during the 3rd quarter worth about $116,000. SG Americas Securities LLC acquired a new stake in shares of JFrog during the 2nd quarter worth about $187,000. Sanctuary Advisors LLC bought a new stake in shares of JFrog during the 2nd quarter worth about $188,000. Finally, US Bancorp DE grew its stake in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after buying an additional 798 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Trading Down 0.1 %

Shares of JFrog stock traded down $0.04 during trading on Tuesday, hitting $30.77. 882,438 shares of the stock were exchanged, compared to its average volume of 1,248,707. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -58.06 and a beta of 0.94. The company has a fifty day moving average price of $30.17 and a 200-day moving average price of $31.47.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley cut their price objective on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, Scotiabank boosted their price target on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.72.

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.