JFrog Ltd. (NASDAQ:FROG) Sees Significant Growth in Short Interest

JFrog Ltd. (NASDAQ:FROG - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,490,000 shares, a growth of 8.0% from the February 29th total of 1,380,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 1.1 days.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 150,000 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total value of $7,090,500.00. Following the transaction, the director now directly owns 4,759,432 shares of the company's stock, valued at approximately $224,978,350.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other JFrog news, CRO Tali Notman sold 6,000 shares of JFrog stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $31.34, for a total transaction of $188,040.00. Following the completion of the sale, the executive now directly owns 545,755 shares in the company, valued at approximately $17,103,961.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 150,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the completion of the sale, the director now owns 4,759,432 shares in the company, valued at approximately $224,978,350.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 472,555 shares of company stock worth $20,934,357. Company insiders own 30.60% of the company's stock.

Hedge Funds Weigh In On JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in shares of JFrog during the 1st quarter worth $25,000. Fred Alger Management LLC purchased a new position in JFrog during the third quarter worth about $35,000. Frazier Financial Advisors LLC purchased a new position in JFrog during the fourth quarter worth about $35,000. Advisors Asset Management Inc. boosted its holdings in JFrog by 148.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company's stock valued at $35,000 after purchasing an additional 829 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of JFrog by 84.9% in the 2nd quarter. US Bancorp DE now owns 2,047 shares of the company's stock valued at $57,000 after buying an additional 940 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Price Performance

Shares of NASDAQ FROG traded down $0.91 during mid-day trading on Tuesday, reaching $43.40. The company's stock had a trading volume of 879,814 shares, compared to its average volume of 1,330,919. The stock has a 50-day moving average of $40.68 and a two-hundred day moving average of $32.49. JFrog has a 1-year low of $17.11 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. On average, equities analysts predict that JFrog will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of recent research reports. TheStreet upgraded JFrog from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. Scotiabank assumed coverage on JFrog in a report on Thursday, March 7th. They issued a "buy" rating for the company. Oppenheimer upped their price objective on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Morgan Stanley lifted their target price on shares of JFrog from $40.00 to $52.00 in a report on Thursday, March 7th. Finally, Truist Financial increased their price target on shares of JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.46.

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.