JFrog Ltd. (NASDAQ:FROG) Short Interest Up 67.9% in December

JFrog Ltd. (NASDAQ:FROG) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 3,021,709 shares, a growth of 67.9% from the November 30th total of 1,799,793 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average trading volume of 2,323,156 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 2,323,156 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.0% of the company’s stock are short sold.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $46.01, for a total value of $690,150.00. Following the completion of the transaction, the chief executive officer owned 4,869,152 shares in the company, valued at $224,029,683.52. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Tali Notman sold 13,357 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $64.80, for a total transaction of $865,533.60. Following the completion of the sale, the executive owned 631,325 shares of the company’s stock, valued at approximately $40,909,860. This represents a 2.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 398,601 shares of company stock valued at $23,778,920 over the last ninety days. Insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently made changes to their positions in FROG. Alliancebernstein L.P. grew its position in shares of JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after purchasing an additional 2,047,294 shares in the last quarter. Eminence Capital LP purchased a new position in JFrog during the first quarter worth about $43,268,000. Norges Bank bought a new position in JFrog in the 2nd quarter worth about $50,968,000. Lazard Asset Management LLC increased its stake in JFrog by 1,669.6% in the 3rd quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company’s stock worth $56,106,000 after acquiring an additional 1,118,427 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of JFrog in the 3rd quarter valued at about $51,443,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Trading Down 1.3%

FROG stock traded down $0.87 during midday trading on Monday, hitting $66.06. The stock had a trading volume of 712,667 shares, compared to its average volume of 1,243,224. The firm has a market cap of $7.82 billion, a P/E ratio of -94.37 and a beta of 1.10. The business has a fifty day moving average price of $59.14 and a two-hundred day moving average price of $50.03. JFrog has a 1-year low of $27.00 and a 1-year high of $70.43.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. On average, equities analysts anticipate that JFrog will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

FROG has been the topic of several recent analyst reports. Cantor Fitzgerald lifted their price target on shares of JFrog from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Cowen reaffirmed a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Robert W. Baird increased their price target on JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, BTIG Research initiated coverage on JFrog in a research note on Tuesday, December 16th. They set a “buy” rating and a $83.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.35.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.