JFrog Ltd. (FROG) looking to reclaim success with recent performance

JFrog Ltd. (NASDAQ: FROG) stock jumped 0.32% on Tuesday to $22.07 against a previous-day closing price of $22.00. With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $22.09 whereas the lowest price it dropped to was $21.45. The 52-week range on FROG shows that it touched its highest point at $27.96 and its lowest point at $16.94 during that stretch. It currently has a 1-year price target of $26.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FROG was down-trending over the past week, with a drop of -1.30%, but this was up by 14.00% over a month. Three-month performance dropped to -4.09% while six-month performance fell -1.52%. The stock gained 11.97% in the past year, while it has gained 3.47% so far this year. A look at the trailing 12-month EPS for FROG yields -0.91 with Next year EPS estimates of 0.30. For the next quarter, that number is 0.05. This implies an EPS growth rate of -34.20% for this year and 45.89% for next year.

Float and Shares Shorts:

At present, 101.26 million FROG shares are outstanding with a float of 79.17 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.32 million, which was 1.29% higher than short shares on Mar 30, 2023. In addition to Mr. Shlomi Ben Haim as the firm’s Co-Founder, CEO & Chairman, Mr. Yoav Landman serves as its Co-Founder, CTO & Director.

Institutional Ownership:

Through their ownership of 61.61% of FROG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.59% of FROG, in contrast to 23.09% held by mutual funds. Shares owned by individuals account for 22.81%. As the largest shareholder in FROG with 5.10% of the stake, The Vanguard Group, Inc. holds 5,143,729 shares worth 5,143,729. A second-largest stockholder of FROG, Wasatch Advisors, Inc., holds 3,261,952 shares, controlling over 3.23% of the firm’s shares. Eminence Capital LP is the third largest shareholder in FROG, holding 2,465,933 shares or 2.44% stake. With a 2.00% stake in FROG, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,018,474 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.70% of FROG stock, is the second-largest Mutual Fund holder. It holds 1,719,471 shares valued at 31.93 million. BNP Paribas Funds – Disruptive Te holds 1.59% of the stake in FROG, owning 1,607,721 shares worth 29.86 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FROG reported revenue of $67.81M and operating income of -$22.41M. The EBITDA in the recently reported quarter was -$18.84M and diluted EPS was -$0.24.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FROG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FROG analysts setting a high price target of $30.00 and a low target of $22.00, the average target price over the next 12 months is $26.55. Based on these targets, FROG could surge 35.93% to reach the target high and fall by -0.32% to reach the target low. Reaching the average price target will result in a growth of 20.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded FROG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 6,500 while 102,659 shares were sold.

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