HIG) is experiencing a significant increase in short-term interest. –
There was a significant increase in the number of short positions in JFrog Ltd. in August (NASDAQ: FROG). The number of shares available for short sale increased by 6.6% compared to the previous day, when there were 1,960,000 shares available for short sale, for a total of 2,090,000 shares at 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 positions than long positions. 3.8% of the company’s shares are currently sold on the short market at this time.
Recent comments on the stock come from analysts who focus on equity research and have recently shared their views on the stock. In a report released Wednesday, July 13, Piper Sandler raised her price target on JFrog shares from $20.00 to $24.00. Canaccord Genuity Group released 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 stock. In a report released Thursday, Aug. 4, Morgan Stanley raised its price target on JFrog shares from $26.00 to $28.00 and categorized the company as “equal weight.” Needham & Company LLC raised its price target on JFrog shares from $23.00 to $30.00 and gave the company a “buy” rating in a report released Thursday, August 4. On July 7, a Thursday, Canaccord Genuity Group released a report indicating that they would begin offering coverage for JFrog shares. They gave the stock a “buy” recommendation and decided that $30 was a reasonable price target for the stock. The research community gave the stock a Buy recommendation four times over the two market watchers who gave the stock a Hold rating. The stock has a consensus recommendation of “moderate buy” and its price target currently averages $29.71, as indicated by data from Bloomberg. NASDAQ: FROG was first available for trading on Tuesday for $20.07 per share. Over the past year, JFrog’s stock price has fluctuated 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 previous 200 days, this price has averaged $22.10. Yakov (Jacob) Shulman, the company’s chief financial officer, sold 6,500 shares of the company 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 translated into an influx of income. As a direct result of the transaction, the CFO now alone owns 303,072 shares of the company. The current market value of these shares is $7,601,045.76 per share. A legal document filed with the SEC and now available online was used to inform the general public of the transaction. This document is also available online. On Wednesday, September 14, further details emerged that company director Frederic Simon had just sold 45,000 shares of the company. A total of $946,350.00 was received for the sale of the shares, which corresponds to an average price of $21.03 per share. Following the closing of the transaction, the director now has direct ownership of 5,657,134 shares of the company. The total value of these shares is $118,969,528.02. A legal document filed with the SEC and now available online was used to inform the general public of the transaction. This document is also available online.
Additionally, on Tuesday, August 16, CFO Yakov (Jacob) Shulman sold 6,500 shares of the company. 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. As a result of the purchase, the CFO now owns 303,072 company shares, with an estimated value of $7,601,045.76. Disclosures related to the sale can be found in this section of the website. During the last quarter, the company’s officers, directors and other key insiders sold 96,500 shares of the company for a combined value of $2,203,320. 33. Company employees own 70% of the business.
In recent months, hedge funds have increased or decreased their interest in the company. During the second quarter, Lazard Asset Management LLC achieved a 98.6% increase in the proportion of JFrog shares it held. During the last quarter, Lazard Asset Management LLC acquired an additional 1,104 shares of the company’s capital, bringing the total number of shares held 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. Additionally, a new investment in JFrog worth approximately $57,000 was made by Fieldpoint Private Securities LLC during the second quarter. JFrog received a new investment from Assetmark Inc. during the second quarter of 2018, and this investment was approximately sixty thousand dollars.
The value of US Bancorp DE’s stake in JFrog jumped 2,303.3% in the first three months of the year. During the last fiscal quarter, US Bancorp DE acquired an additional 2,119 shares of the company, bringing the total number of shares it owns to 2,211, worth $60,000. And finally, in the first three months of this year, Penserra Capital Management LLC recorded a 50.0% growth in the number of JFrog shares held in its portfolio. After purchasing an additional 1,366 shares in the last quarter, Penserra Capital Management LLC now owns a total of 4,098 shares in the company. Based on the current market price, these shares are worth a combined sum of $110,000. 52.28% of the company’s shares are held by institutional investors, such as hedge funds and other institutional investors.
JFrog Ltd. is the company responsible for delivering the DevOps platform in the United States. The continuous integration and delivery technology known as JFrog Pipelines is designed to automate and control the transfer of software packages. Additionally, JFrog Distribution provides enterprise-grade software package distribution, while JFrog Xray is responsible for analytics on JFrog Artifactory. “JFrog Artifactory is a package repository that provides teams and organizations, regardless of the scope of their operations, the ability to store, manage and keep their software packages up to date.