JFrog Ltd. (NASDAQ:FROG) Short Interest Up 24.2% in August

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 significant growth in short interest in the month of 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. Currently, 3.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.2% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Barclays increased their target price on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. KeyCorp boosted their target price on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. Finally, Raymond James Financial raised their price objective on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and an average price target of $49.93.

Insider Transactions at JFrog

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

Hedge Funds Weigh In On JFrog

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in JFrog by 7,185.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company's stock worth $131,000 after buying an additional 2,946 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of JFrog during the second quarter worth approximately $136,000. Finally, Bayforest Capital Ltd acquired a new position in shares of JFrog during the 1st quarter worth approximately $104,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Down 0.2%

FROG traded down $0.08 during trading on Monday, hitting $49.72. 250,459 shares of the company traded hands, compared to its average volume of 1,140,629. The company has a market cap of $5.80 billion, a PE ratio of -64.58 and a beta of 1.07. The stock's 50-day simple moving average is $45.23 and its two-hundred day simple moving average is $40.12. JFrog has a 1 year low of $27.00 and a 1 year high of $50.98.

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