Short Interest in JFrog Ltd. (NASDAQ:FROG) Expands By 32.9%
by Doug Wharley · The Cerbat GemJFrog Ltd. (NASDAQ:FROG – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,016,270 shares, a growth of 32.9% from the December 15th total of 3,021,709 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average trading volume of 1,606,685 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 1,606,685 shares, the days-to-cover ratio is presently 2.5 days. Approximately 4.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Several research firms have commented on FROG. UBS Group reaffirmed a “neutral” rating on shares of JFrog in a research note on Wednesday. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Friday, November 7th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Needham & Company LLC lifted their target price on shares of JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Canaccord Genuity Group increased their price target on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.71.
Get Our Latest Report on JFrog
JFrog Stock Performance
FROG traded down $1.12 on Monday, hitting $56.89. 1,545,191 shares of the company were exchanged, compared to its average volume of 1,538,970. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $70.43. The firm has a market capitalization of $6.73 billion, a P/E ratio of -81.27 and a beta of 1.13. The business’s fifty day moving average is $62.55 and its 200 day moving average is $51.94.
JFrog (NASDAQ:FROG – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The business had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter in the previous year, the company earned $0.15 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.
Insider Buying and Selling at JFrog
In other JFrog news, CTO Yoav Landman sold 70,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $69.22, for a total transaction of $4,845,400.00. Following the transaction, the chief technology officer directly owned 5,958,641 shares of the company’s stock, valued at approximately $412,457,130.02. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction dated 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 directly owned 631,325 shares of the company’s stock, valued at $40,909,860. The trade was a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 452,814 shares of company stock valued at $27,648,460. 14.10% of the stock is owned by company insiders.
Institutional Trading of JFrog
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. Arrowstreet Capital Limited Partnership grew its position in JFrog by 3,033.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock valued at $12,775,000 after acquiring an additional 281,844 shares in the last quarter. Sound View Wealth Advisors Group LLC acquired a new position in shares of JFrog during the second quarter worth $233,000. Lisanti Capital Growth LLC boosted its stake in shares of JFrog by 10.2% in the second quarter. Lisanti Capital Growth LLC now owns 110,195 shares of the company’s stock valued at $4,835,000 after purchasing an additional 10,230 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in JFrog by 5.4% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 976,812 shares of the company’s stock valued at $42,863,000 after purchasing an additional 50,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in JFrog by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock worth $83,521,000 after buying an additional 56,213 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.
About JFrog
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.