JFrog Ltd (FROG) Stock: Unveiling Its Hidden Strengths

Needham has recently reiterated JFrog Ltd (FROG) stock to Buy rating, as announced on September 5, 2024, according to Finviz. Earlier, on August 27, 2024, Robert W. Baird had initiated the stock to Outperform, setting a price target of $32. Oppenheimer also reduced Perform rating. Additionally, TD Cowen initiated Buy rating on July 24, 2024, with a target price of $50. Barclays analysts, in their report published on June 26, 2024, also initiated Overweight rating and set a price target of $50 for JFrog Ltd’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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JFrog Ltd (FROG) Stock Trading Recap

On Friday, JFrog Ltd (FROG) stock saw a modest uptick, ending the day at $28.76 which represents a slight increase of $1.22 or 4.43% from the prior close of $27.54. The stock opened at $28 and touched a low of $27.84 during the day, reaching a high of $28.78. The volume of shares traded was 0.56 million falling short of the average volume of 1.37 million.

FROG Stock Performance and Moving Averages

In recent trading, JFrog Ltd (FROG) stock price has shown some volatility, fluctuating -1.71% over the last five trades and 1.27% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -33.26%, and it has plunged by -20.38% in the previous three months. Currently, FROG is trading at 1.84%, -2.04%, and -18.64% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, FROG, a Technology sector stock, is trading -41.08% below its 52-week high but remains 34.52% above its 52-week low. The Average True Range (ATR) (14 days) of 1.02 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

JFrog Ltd’s Profitability and Valuation Ratios

JFrog Ltd’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -17.56% and a profit margin of -12.35%, with a gross margin of -33.26%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, JFrog Ltd’s market capitalization stands at $3.18 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 44.34. Additionally, the Price-to-Sales Ratio is 8.16, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.39, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 16.80% of JFrog Ltd (FROG)’s shares, while financial institutions hold 68.09%.

Notable insider trades include Landman Yoav, CHIEF TECHNOLOGY OFFICER at JFrog Ltd (FROG), who sold 15000 shares on Sep 13 ’24, at $28 each, totaling $0.42 million. On Sep 09 ’24, Notman Tali, CHIEF REVENUE OFFICER, sold 10699 shares for $28.29 each, amounting to $0.30 million. Additionally, on Sep 06 ’24, Shlomi Ben Haim sold 16714 shares at $28.21 each, generating $0.47 million.

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