JFrog Ltd. (NASDAQ:FROG) Short Interest Update

JFrog Ltd. (NASDAQ:FROG) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,930,000 shares, an increase of 6.9% from the December 15th total of 2,740,000 shares. Based on an average daily volume of 968,900 shares, the days-to-cover ratio is currently 3.0 days. Currently, 3.1% of the company’s shares are short sold.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.55, for a total value of $473,250.00. Following the sale, the chief technology officer now directly owns 6,567,242 shares of the company’s stock, valued at $207,196,485.10. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,146 shares of company stock valued at $8,544,054. 15.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. North Peak Capital Management LLC purchased a new stake in shares of JFrog during the 3rd quarter worth approximately $73,417,000. TimesSquare Capital Management LLC increased its position in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after buying an additional 1,617,551 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of JFrog during the 3rd quarter valued at $32,401,000. Ensign Peak Advisors Inc bought a new position in shares of JFrog during the 2nd quarter worth $30,098,000. Finally, Thrivent Financial for Lutherans raised its stake in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FROG has been the topic of several research analyst reports. Truist Financial reissued a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Robert W. Baird increased their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank boosted their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Needham & Company LLC increased their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Stock Performance

NASDAQ:FROG traded down $0.03 on Monday, hitting $32.75. The stock had a trading volume of 1,388,160 shares, compared to its average volume of 707,567. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The firm’s fifty day simple moving average is $30.98 and its two-hundred day simple moving average is $30.83. The stock has a market cap of $3.34 billion, a P/E ratio of -61.79 and a beta of 0.95.

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.