JFrog Ltd. (NASDAQ:FROG) Short Interest Update

Key Points

• JFrog Ltd. (NASDAQ:FROG) saw a substantial increase in short interest, rising 24.2% in August, bringing the total to 3,130,000 shares shorted.
• Insider trading activity included CTO Yoav Landman selling over 102,000 shares for approximately $5.1 million, decreasing his holdings by 1.66%.
• Several analysts have issued updated ratings, with Needham & Company maintaining a "buy" rating and increasing their price target to $55.00.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 3,130,000 shares, a growth of 24.2% from the August 15th total of 2,520,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.2% of the company's stock are short sold. Approximately 3.2% of the company's stock are short sold. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 2.5 days.

Insider Activity at JFrog

In other news, Director Yvonne Wassenaar sold 1,368 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the completion of the sale, the director directly owned 32,051 shares of the company's stock, valued at $1,570,499. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 4,908 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the sale, the chief financial officer directly owned 136,165 shares of the company's stock, valued at $6,439,242.85. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Northern Trust Corp raised its position in JFrog by 79.0% in the 4th quarter. Northern Trust Corp now owns 155,121 shares of the company's stock valued at $4,562,000 after purchasing an additional 68,463 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock worth $3,766,000 after acquiring an additional 29,372 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of JFrog during the fourth quarter worth $212,000. Cetera Investment Advisers bought a new stake in shares of JFrog during the fourth quarter worth $452,000. Finally, Man Group plc bought a new stake in shares of JFrog during the fourth quarter worth $1,131,000. Institutional investors own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

FROG has been the topic of a number of analyst reports. Piper Sandler reissued a "neutral" rating and set a $48.00 price objective (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. DA Davidson increased their price objective on JFrog from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. Finally, Raymond James Financial increased their price objective on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.93.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $0.21 during trading on Friday, hitting $49.80. 1,097,986 shares of the stock were exchanged, compared to its average volume of 1,355,667. JFrog has a 1-year low of $27.00 and a 1-year high of $50.98. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of -64.68 and a beta of 1.07. The company's fifty day simple moving average is $45.23 and its 200-day simple moving average is $40.08.

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

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.