JFrog Ltd. (NASDAQ:FROG) Short Interest Up 6.9% in January

JFrog Ltd. (NASDAQ:FROG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,930,000 shares, an increase of 6.9% from the December 31st total of 2,740,000 shares. Based on an average trading volume of 968,900 shares, the short-interest ratio is presently 3.0 days. Approximately 3.1% of the shares of the company are short sold.

Analysts Set New Price Targets

FROG has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

Insider Activity at JFrog

In other JFrog news, Director Yossi Sela sold 25,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the sale, the director now directly owns 355,129 shares in the company, valued at approximately $11,314,409.94. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 356,044 shares of company stock valued at $11,414,883. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in JFrog during the 3rd quarter worth approximately $29,000. West Tower Group LLC bought a new stake in shares of JFrog during the third quarter worth $116,000. KBC Group NV grew its holdings in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of JFrog in the second quarter valued at about $188,000. Finally, SG Americas Securities LLC acquired a new position in JFrog during the 4th quarter worth about $193,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 0.6 %

NASDAQ:FROG traded up $0.22 during mid-day trading on Tuesday, hitting $35.67. 183,966 shares of the company’s stock traded hands, compared to its average volume of 888,340. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -67.15 and a beta of 0.97. The firm has a 50 day moving average of $31.77 and a two-hundred day moving average of $30.69. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.24). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The company had revenue of $109.06 million for the quarter, compared to the consensus estimate of $105.54 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities research analysts expect that JFrog will post -0.32 earnings per share for the current year.

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.