JFrog Ltd. (NASDAQ:FROG) closed Wednesday at $22.62 per share, up from $22.07 a day earlier. While JFrog Ltd. has overperformed by 2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FROG rose by 19.43%, with highs and lows ranging from $27.96 to $16.94, whereas the simple moving average jumped by 2.42% in the last 200 days.
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Analysis of JFrog Ltd. (FROG)
Further, the quarter-over-quarter increase in sales is 25.30%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of JFrog Ltd.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -14.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FROG is recording an average volume of 781.42K. On a monthly basis, the volatility of the stock is set at 4.09%, whereas on a weekly basis, it is put at 3.52%, with a gain of 0.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.30, showing growth from the present price of $22.62, which can serve as yet another indication of whether FROG is worth investing in or should be passed over.
How Do You Analyze JFrog Ltd. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FROG shares?
The recent increase in stakes in FROG appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in FROG has increased by 0.22% in the first quarter. The company now owns 5,154,963 shares of the stock, with a value of $95.73 million, following the purchase of 11,234 additional shares during the last quarter. Eminence Capital LP made another increased to its shares in FROG during the first quarter, upping its stake by 65.96%. During the last quarter, the company picked up 1,626,584 additional shares for a total stake of worth $76.0 million, bringing number of shares owned by the company to 4,092,517.
During the first quarter, Wasatch Advisors, Inc. added a 481,273 position in FROG. Optimus Prime Fund Management Co purchased an additional 0.68 million shares in the last quarter, increasing its holdings by 38.04%, now holding 2.47 million shares worth $45.82 million. At the end of the first quarter, Newton Investment Management Nort increased its FROG holdings by 11.57% and now holds 2.25 million FROG shares valued at $41.75 million with the added 0.23 million shares during the period. FROG shares are owned by institutional investors to the tune of 66.00% at present.
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