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

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

JFrog Stock Performance

FROG stock traded down $0.03 during trading on Friday, reaching $32.75. 1,388,160 shares of the company were exchanged, compared to its average volume of 707,567. The stock’s 50 day moving average price is $30.98 and its 200 day moving average price is $30.87. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a market cap of $3.34 billion, a P/E ratio of -61.79 and a beta of 0.95.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. This represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $1,112,300.00. Following the sale, the director now directly owns 4,444,432 shares in the company, valued at $141,244,048.96. The trade was a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,146 shares of company stock worth $8,544,054 in the last three months. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC boosted its stake in shares of JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. North Peak Capital Management LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $73,417,000. Thrivent Financial for Lutherans boosted its position in JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after acquiring an additional 593,478 shares during the last quarter. Wasatch Advisors LP grew its stake in JFrog by 6.2% in the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock worth $62,171,000 after acquiring an additional 124,420 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in JFrog by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock valued at $62,636,000 after acquiring an additional 41,275 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Needham & Company LLC increased their target price on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank lifted their price target on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. TD Cowen boosted their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Barclays decreased their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and an average target price of $37.72.

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.