JFrog Ltd. (NASDAQ:FROG) Short Interest Update

JFrog Ltd. (NASDAQ:FROG - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 3,170,000 shares, a decrease of 16.4% from the April 30th total of 3,790,000 shares. Currently, 3.3% of the company's stock are short sold. Based on an average trading volume of 957,600 shares, the days-to-cover ratio is currently 3.3 days.

JFrog Stock Down 1.0%

FROG traded down $0.43 during trading on Friday, hitting $42.75. 1,026,727 shares of the company traded hands, compared to its average volume of 1,133,162. The firm has a market cap of $4.90 billion, a P/E ratio of -67.86 and a beta of 1.07. The stock's fifty day moving average is $36.45 and its 200 day moving average is $34.49. JFrog has a one year low of $22.91 and a one year high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, equities research analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederic Simon sold 20,000 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the transaction, the director now directly owns 4,354,432 shares of the company's stock, valued at $124,798,021.12. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the transaction, the chief executive officer now directly owns 4,929,755 shares in the company, valued at approximately $148,089,840.20. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,818 shares of company stock valued at $3,474,896 over the last ninety days. 14.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in JFrog by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after purchasing an additional 35,458 shares during the period. TimesSquare Capital Management LLC boosted its position in JFrog by 6.5% during the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after purchasing an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the period. Champlain Investment Partners LLC boosted its position in JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares during the period. Finally, Wasatch Advisors LP boosted its position in JFrog by 3.3% during the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after purchasing an additional 70,204 shares during the period. Institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

FROG has been the topic of several research reports. Scotiabank lowered their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.44.

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.