JFrog Ltd. (NASDAQ:FROG) Short Interest Down 26.2% in September

Key Points

• Short interest in JFrog Ltd. decreased by 26.2% in September, totaling 2,310,000 shares, indicating a potential increase in investor confidence.
• Insider activity saw significant sell-offs, with 430,120 shares sold in the last quarter, representing a total value of approximately $20.65 million.
• The company recently beat quarterly earnings expectations, reporting an EPS of $0.18 and revenue of $127.20 million, up 23.5% year-over-year.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,310,000 shares, a decline of 26.2% from the August 31st total of 3,130,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 1.8 days. Currently, 2.3% of the shares of the stock are sold short.

Insider Activity

In related news, Director Yvonne Wassenaar sold 1,372 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $49.90, for a total value of $68,462.80. Following the sale, the director owned 30,679 shares in the company, valued at $1,530,882.10. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 4,908 shares of JFrog stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the transaction, the chief financial officer directly owned 136,165 shares of the company's stock, valued at approximately $6,439,242.85. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 430,120 shares of company stock valued at $20,654,627 in the last quarter. Insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On JFrog

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in JFrog by 31.0% during the second quarter. Osaic Holdings Inc. now owns 6,557 shares of the company's stock worth $288,000 after purchasing an additional 1,550 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in JFrog by 1.4% in the second quarter. Orion Porfolio Solutions LLC now owns 49,219 shares of the company's stock valued at $2,160,000 after acquiring an additional 668 shares during the last quarter. Squarepoint Ops LLC grew its position in JFrog by 208.8% during the second quarter. Squarepoint Ops LLC now owns 27,697 shares of the company's stock valued at $1,215,000 after acquiring an additional 18,727 shares during the period. Headlands Technologies LLC purchased a new stake in JFrog during the second quarter valued at about $181,000. Finally, Tower Research Capital LLC TRC increased its stake in JFrog by 7,185.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company's stock worth $131,000 after acquiring an additional 2,946 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Up 0.8%

Shares of JFrog stock opened at $48.46 on Tuesday. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $51.94. The business's fifty day moving average is $46.88 and its two-hundred day moving average is $41.29. The firm has a market cap of $5.66 billion, a PE ratio of -62.94 and a beta of 1.05.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts anticipate that JFrog will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Weiss Ratings restated a "sell (d-)" rating on shares of JFrog in a research report on Saturday, September 27th. Morgan Stanley increased their price target on shares of JFrog from $50.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday. Piper Sandler reissued a "neutral" rating and set a $48.00 price objective (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus price target of $51.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.