JFrog Ltd. (NASDAQ:FROG) Short Interest Up 33.2% in March

JFrog Ltd. (NASDAQ:FROG - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 4,050,000 shares, a growth of 33.2% from the March 15th total of 3,040,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 3.9 days. Approximately 4.2% of the company's shares are short sold.

Analysts Set New Price Targets

A number of research analysts have issued reports on FROG shares. Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Morgan Stanley reduced their price target on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JFrog has an average rating of "Moderate Buy" and a consensus price target of $41.06.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the company's 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 of the company's stock, valued at approximately $148,089,840.20. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 429,104 shares of company stock valued at $15,084,429 in the last 90 days. Company insiders own 15.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in JFrog in the fourth quarter valued at approximately $32,878,000. Raymond James Financial Inc. purchased a new position in JFrog in the fourth quarter valued at $30,554,000. Mackenzie Financial Corp raised its stake in JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after buying an additional 965,912 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after buying an additional 797,949 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of JFrog during the 4th quarter worth about $21,322,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Trading Up 3.9 %

NASDAQ:FROG traded up $1.26 during trading hours on Thursday, hitting $33.23. The company had a trading volume of 442,690 shares, compared to its average volume of 1,147,143. JFrog has a 1 year low of $22.91 and a 1 year high of $43.00. The company has a 50-day moving average of $33.68 and a 200 day moving average of $32.40. The company has a market cap of $3.81 billion, a P/E ratio of -52.75 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, analysts forecast that JFrog will post -0.33 earnings per share for the current year.

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.