JFrog Ltd. (NASDAQ:FROG) Sees Large Drop in Short Interest

JFrog Ltd. (NASDAQ:FROG) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,330,000 shares, a decrease of 9.3% from the November 15th total of 3,670,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 3.2 days. Approximately 3.6% of the shares of the stock are sold short.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 256,921 shares of company stock worth $7,927,309. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake 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 acquiring an additional 384 shares in the last quarter. George Kaiser Family Foundation grew its stake in JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after buying an additional 532 shares during the last quarter. Van ECK Associates Corp raised its position in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after acquiring an additional 577 shares during the last quarter. US Bancorp DE grew its holdings in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after purchasing an additional 798 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in JFrog during the 3rd quarter worth about $29,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Trading Down 0.0 %

FROG traded down $0.01 during trading on Tuesday, hitting $31.21. 909,057 shares of the company’s stock were exchanged, compared to its average volume of 1,235,575. The stock has a 50 day moving average price of $30.61 and a 200 day moving average price of $31.32. The firm has a market cap of $3.18 billion, a P/E ratio of -58.91 and a beta of 0.94. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. KeyCorp raised their price target on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group upped their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Baird R W raised JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Three 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.72.

About JFrog

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.