There was a significant rise in the number of short positions on JFrog Ltd. during August (NASDAQ: FROG). The number of shares available for short sale increased by 6.6% from the previous day, when there were 1,960,000 shares available for a short sale, to a total of 2,090,000 shares as of August 31. The current short-interest ratio is 2.2 days, which was determined based on an average daily volume of 935,700 shares. This indicates that there are currently 2.2 times more short than long positions. 3.8% of the company’s shares are currently being sold on the short market at this moment.
Recent commentary on the stock comes from analysts who focus on equity research and have recently shared their perspectives on the stock. In a report issued on Wednesday, July 13, Piper Sandler increased their price objective on JFrog stock from $20.00 to $24.00.
Canaccord Genuity Group issued a report on Thursday, July 7, July 7, announcing that it would begin providing coverage for JFrog shares. They gave the stock a ” buy ” recommendation and decided that $30 was a reasonable price target for the shares. In a report published on Thursday, August 4, Morgan Stanley increased their price objective on JFrog shares from $26.00 to $28.00 and categorized the company as “equal weight.” Needham & Company LLC upped their price target on JFrog stock from $23.00 to $30.00 and gave the company a “buy” rating in a report made public on Thursday, August 4. On July 7, a Thursday, Canaccord Genuity Group issued a report stating that they would begin offering coverage of JFrog shares.
They gave the stock a ” buy ” recommendation and decided that $30 was a reasonable price target for the shares. When contrasted with the two market watchers who assigned a hold rating to the stock, the research community has assigned a buy recommendation four times. The stock has a consensus recommendation of “Moderate Buy,” and its price target is currently an average of $29.71, as indicated by data from Bloomberg. NASDAQ: FROG was first available for trading on Tuesday for $20.07 per share. In the past year, JFrog’s stock price has ranged between $16.36 and $42.33, with a low point of $16.36 and a high point of $42.33. Over the past fifty days, the stock price has reached a moving average of $22.50; over the preceding 200 days, that price has averaged $22.10. Yakov (Jacob) Shulman, the company’s Chief Financial Officer, sold 6,500 shares of the company’s stock on August 16, a Tuesday. The stock was purchased for a total value of $163,020.00, corresponding to an average price of $25.08 per share. This resulted in income being brought in.
As a direct result of the transaction, the chief financial officer now owns 303,072 company shares on their own. The current value of these shares on the market is $7,601,045.76 per share. A legal document handed into the SEC and now available online was used to inform the general public about the transaction. This document is also available online. On Wednesday, September 14, further details made it clear that corporate director Frederic Simon had just sold 45,000 of the company’s shares of stock. A total of $946,350.00 was received for the sale of the shares, which works out to an average price of $21.03 per share. After the conclusion of the transaction, the director now owns direct ownership of 5,657,134 shares of the firm. The total value of these shares is $118,969,528.02. A legal document handed into the SEC and now available online was used to inform the general public about the transaction. This document may be found here. Additionally, on Tuesday, August 16, Chief Financial Officer Yakov (Jacob) Shulman sold 6,500 shares of firm stock.
The stock was purchased for a total value of $163,020.00, corresponding to an average price of $25.08 per share. This resulted in income being brought in. Because of the purchase, the chief financial officer now owns 303,072 business shares, estimated to have a value of $7,601,045.76. Disclosures that are related to the sale might be found in this section of the website. During the most recent quarter, executives, directors, and other key company insiders sold 96,500 shares of company stock for a combined value of $2,203,320. 33. The corporation’s employees own 70% of the company.
Over the past few months, hedge funds have either increased or lowered their level of interest in the company. During the second quarter, Lazard Asset Management LLC achieved a 98.6% increase in the proportion of JFrog stock it owned. The most recent quarter saw Lazard Asset Management LLC acquire an additional 1,104 shares of the company’s stock, bringing their total number of shares owned to 2,224, with a value of $46,000. This brings the total number of shares held in the company by Lazard Asset Management LLC to 2.244.
In addition, new investment in JFrog with an approximate value of $57,000 was made by Fieldpoint Private Securities LLC during the second quarter. JFrog was the recipient of fresh investment from Assetmark Inc. during the second quarter of 2018, and that investment was roughly sixty thousand dollars. The value of US Bancorp DE’s interests in JFrog surged by 2,303.3% over the first three months of the year. The most recent fiscal quarter saw US Bancorp DE acquire an additional 2,119 shares of the company, bringing the total number of shares it owns up to 2,211, with a value of $60,000. And finally, throughout the first three months of this year, Penserra Capital Management LLC saw 50.0% growth in the number of JFrog shares it held in its portfolio. After purchasing an additional 1,366 shares during the most recent quarter, Penserra Capital Management LLC now has a total of 4,098 shares in the business. Based on the current market price, these shares are worth a combined sum of $110,000. 52.28% of the company’s stock is owned by institutional investors, such as hedge funds and other institutional investors.
JFrog Ltd. is the company that is responsible for making the DevOps platform available in the United States. The integration and continuous delivery technology known as JFrog Pipelines is designed to automate and control the transfer of software packages. In addition, JFrog Distribution provides enterprise-grade software package distribution, while JFrog Xray is responsible for scans on JFrog Artifactory. “JFrog Artifactory is a package repository that provides teams and organizations, regardless of the breadth of their operations, with the capacity to store, manage, and keep their software packages up to date.