In the last trading session, 1,030,972 shares of the JFrog Ltd. (NASDAQ:FROG) were traded, and its beta was 0. Most recently the company’s share price was $46.88, and it changed around $2.46 or 0.06% from the last close, which brings the market valuation of the company to $4.32 Billion. FROG currently trades at a discount to its 52-week high of $95.2, offering almost -103.07% off that amount. The share price’s 52-week low was $41.89, which indicates that the current value has risen by an impressive 10.64% since then. We note from JFrog Ltd.’s average daily trading volume that its 10-day average is 931.58 Million shares, with the 3-month average coming to 1.24 Million.
JFrog Ltd. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.7. If we narrow it down even further, the data shows that none out of 8 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 5 recommended FROG as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. JFrog Ltd. is expected to report earnings per share of $0.01 for the current quarter.
JFrog Ltd. (NASDAQ:FROG): Trading Information
Instantly FROG has showed a green trend with a performance of 5.54% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $47.20 on Tuesday, Apr 06 increased the stock’s daily price by 0.68%. The company’s shares are currently down -0.25% year-to-date, but still up 0.0807 over the last five days. On the other hand, JFrog Ltd. (NASDAQ:FROG) is -0.01% down in the 30-day period. We can see from the shorts that 3.55 Million shares have been sold at a short interest cover period of 2.86 day (s).
The consensus price target as assigned by Wall Street analysts is $81.57, which translates to bears needing to increase their stock price by 74% from its current value. Analyst projections state that FROG is forecast to be at a low of $65 and a high of $95. In order for the stock price to hit the forecast high, the stock would need to surge +102.65% from its current level, while the stock would need to crash 38.65% from its current level to reach the projected low.
JFrog Ltd. (FROG) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. JFrog Ltd. earnings are expected to decrease by -202% in 2021, but the outlook is negative -14.8% per year for the next five years.
JFrog Ltd. (NASDAQ:FROG)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 34.21% of JFrog Ltd. shares, and 65.31% of them are in the hands of institutional investors. The stock currently has a share float of 99.27%. JFrog Ltd. stock is held by 200 institutions, with Sapphire Ventures, LLC being the largest institutional investor. By Dec 30, 2020, it held 8.68% of the shares, which is about 8.1 Million shares worth $509.06 Million.
Insight Holdings Group, Llc, with 6.44% or 6.01 Million shares worth $377.79 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Smallcap World Fund and Artisan Small Cap Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 1290900 shares worth $81.11 Million, making up 1.38% of all outstanding shares. On the other hand, Artisan Small Cap Fund held roughly 769.62 Thousand shares worth around $48.36 Million, which represents about 0.82% of the total shares outstanding.