JFrog Ltd. (NASDAQ:FROG) Short Interest Update

JFrog Ltd. (NASDAQ:FROG) was the recipient of a significant increase in short interest in 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. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 968,900 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FROG shares. Barclays dropped their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. DA Davidson restated a “buy” rating and issued a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. Scotiabank lifted their price objective on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their target price on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00. Following the sale, the director now directly owns 4,444,432 shares of the company’s stock, valued at approximately $141,244,048.96. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00. Following the sale, the chief technology officer now directly owns 6,582,242 shares of the company’s stock, valued at $199,178,642.92. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,146 shares of company stock valued at $8,544,054 over the last ninety days. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FROG. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after acquiring an additional 210,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing an additional 159,483 shares during the period. Principal Financial Group Inc. grew its position in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock worth $41,757,000 after purchasing an additional 514,895 shares during the last quarter. North Peak Capital Management LLC acquired a new position in JFrog in the third quarter valued at $73,417,000. Finally, Atom Investors LP raised its holdings in shares of JFrog by 57.0% in the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after buying an additional 24,120 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Performance

FROG opened at $32.75 on Tuesday. JFrog has a one year low of $22.91 and a one year high of $48.81. The stock has a market capitalization of $3.34 billion, a P/E ratio of -61.79 and a beta of 0.95. The business’s 50-day simple moving average is $30.98 and its 200-day simple moving average is $30.83.

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.