Short Interest in JFrog Ltd. (NASDAQ:FROG) Drops By 13.1%

JFrog Ltd. (NASDAQ:FROG) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,489,026 shares, a drop of 13.1% from the December 31st total of 4,016,270 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,926,766 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 1,926,766 shares, the short-interest ratio is presently 1.8 days. Currently, 3.4% of the company’s shares are short sold.

Insider Activity

In related news, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $64.80, for a total value of $865,533.60. Following the transaction, the executive directly owned 631,325 shares in the company, valued at approximately $40,909,860. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 25,000 shares of JFrog stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $59.66, for a total value of $1,491,500.00. Following the completion of the sale, the chief executive officer owned 4,766,893 shares in the company, valued at $284,392,836.38. This represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 497,814 shares of company stock worth $30,245,410. 14.10% of the stock is owned by company insiders.

Institutional Trading of JFrog

Institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp grew its holdings in JFrog by 13.0% in the fourth quarter. Truist Financial Corp now owns 6,696 shares of the company’s stock valued at $418,000 after purchasing an additional 772 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of JFrog during the fourth quarter worth about $1,329,000. Oppenheimer Asset Management Inc. raised its position in shares of JFrog by 2.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock valued at $948,000 after buying an additional 299 shares during the last quarter. Jennison Associates LLC grew its stake in JFrog by 11,579.9% in the 4th quarter. Jennison Associates LLC now owns 538,444 shares of the company’s stock worth $33,631,000 after acquiring an additional 533,834 shares during the period. Finally, Keybank National Association OH purchased a new position in shares of JFrog during the 4th quarter worth $255,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of FROG stock traded down $4.02 during mid-day trading on Tuesday, hitting $51.51. 534,781 shares of the stock were exchanged, compared to its average volume of 1,843,925. JFrog has a 12-month low of $27.00 and a 12-month high of $70.43. The stock’s fifty day simple moving average is $61.81 and its two-hundred day simple moving average is $53.18. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -73.38 and a beta of 1.13.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. JFrog’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. 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, research analysts expect that JFrog will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of JFrog from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. BTIG Research began coverage on JFrog in a report on Tuesday, December 16th. They set a “buy” rating and a $83.00 price target on the stock. KeyCorp lifted their price objective on JFrog from $71.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. DA Davidson upgraded shares of JFrog to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Piper Sandler lifted their price target on shares of JFrog from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.71.

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.