JFrog Ltd. (NASDAQ:FROG) Short Interest Update

JFrog Ltd. (NASDAQ:FROG) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,540,000 shares, a growth of 8.3% from the September 15th total of 3,270,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.9% of the shares of the company are short sold.

JFrog Price Performance

Shares of JFrog stock traded down $1.17 on Thursday, hitting $30.29. 798,417 shares of the company’s stock traded hands, compared to its average volume of 1,305,317. The firm’s 50-day moving average price is $28.05 and its two-hundred day moving average price is $33.53. The stock has a market capitalization of $3.09 billion, a PE ratio of -64.45 and a beta of 0.94. JFrog has a one year low of $21.38 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. On average, analysts forecast that JFrog will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the sale, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the sale, the director now owns 4,549,432 shares in the company, valued at $176,290,490. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,031 shares of company stock worth $6,460,097 over the last 90 days. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

A number of hedge funds have recently modified their holdings of FROG. Vanguard Group Inc. raised its stake in JFrog by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock worth $335,141,000 after buying an additional 523,432 shares during the period. Bank of New York Mellon Corp raised its position in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of JFrog by 4.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after purchasing an additional 73,036 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after purchasing an additional 254,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in JFrog by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock worth $62,636,000 after purchasing an additional 41,275 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FROG has been the subject of several analyst reports. UBS Group cut their price target on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of JFrog in a research note on Monday, September 16th. Robert W. Baird started coverage on JFrog in a research report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target on the stock. Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Truist Financial decreased their target price on JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.28.

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.