JFrog Ltd (FROG) Stocks Reach New Highs at $43.92 During Trading Session

After finishing at $44.22 in the prior trading day, JFrog Ltd (NASDAQ: FROG) closed at $43.92, down -0.68%. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1076017 shares were traded.

Ratios:

Our goal is to gain a better understanding of FROG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on March 19, 2024, initiated with a Overweight rating and assigned the stock a target price of $52.

On December 21, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $32 to $42.

On September 28, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $29.Scotiabank initiated its Sector Perform rating on September 28, 2023, with a $29 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 19 ’24 when Simon Frederic sold 35,000 shares for $42.59 per share. The transaction valued at 1,490,705 led to the insider holds 4,689,432 shares of the business.

Landman Yoav sold 40,000 shares of FROG for $1,698,737 on Mar 08 ’24. The CHIEF TECHNOLOGY OFFICER now owns 6,771,371 shares after completing the transaction at $42.47 per share. On Mar 06 ’24, another insider, Notman Tali, who serves as the CHIEF REVENUE OFFICER of the company, sold 7,229 shares for $42.15 each. As a result, the insider received 304,702 and left with 528,348 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FROG now has a Market Capitalization of 4.67B and an Enterprise Value of 4.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.34 while its Price-to-Book (P/B) ratio in mrq is 6.86. Its current Enterprise Value per Revenue stands at 11.85 whereas that against EBITDA is -68.82.

Stock Price History:

The Beta on a monthly basis for FROG is 0.99, which has changed by 130.31% over the last 52 weeks, in comparison to a change of 29.57% over the same period for the S&P500. Over the past 52 weeks, FROG has reached a high of $48.81, while it has fallen to a 52-week low of $17.11. The 50-Day Moving Average of the stock is 39.82, while the 200-Day Moving Average is calculated to be 30.75.

Shares Statistics:

The stock has traded on average 1.30M shares per day over the past 3-months and 977.12k shares per day over the last 10 days, according to various share statistics. A total of 106.11M shares are outstanding, with a floating share count of 86.79M. Insiders hold about 18.36% of the company’s shares, while institutions hold 61.85% stake in the company. Shares short for FROG as of Mar 15, 2024 were 1.49M with a Short Ratio of 1.15, compared to 1.67M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.40% and a Short% of Float of 1.97%.

Earnings Estimates

Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.13, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.14, with high estimates of $0.15 and low estimates of $0.12.

Analysts are recommending an EPS of between $0.64 and $0.58 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.7, with 13 analysts recommending between $0.89 and $0.6.

Revenue Estimates

12 analysts predict $98.66M in revenue for the current quarter. It ranges from a high estimate of $99M to a low estimate of $98.46M. As of the current estimate, JFrog Ltd’s year-ago sales were $79.82M, an estimated increase of 23.60% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $103.13M, an increase of 24.30% over than the figure of $23.60% in the same quarter last year. There is a high estimate of $104.3M for the next quarter, whereas the lowest estimate is $102M.

A total of 14 analysts have provided revenue estimates for FROG’s current fiscal year. The highest revenue estimate was $428.05M, while the lowest revenue estimate was $426M, resulting in an average revenue estimate of $426.89M. In the same quarter a year ago, actual revenue was $349.89M, up 22.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $515.28M in the next fiscal year. The high estimate is $524.81M and the low estimate is $505M. The average revenue growth estimate for next year is up 20.70% from the average revenue estimate for this year.

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