FROG

JFrog Ltd

TMT


Presented:09/22/2023
Price:$26.00
Cap:$2.70B
Current Price:$31.60
Cap:$3.49B

Presented

Date09/22/2023
Price$26.00
Market Cap$2.70B
Ent Value$2.40B
P/E RatioN/A
Book Value$6.14
Div Yield0%
Shares O/S103.79M
Ave Daily Vol935,502
Short Int2.83%

Current

Price$31.60
Market Cap$3.49B
JFrog Ltd. engages in the provision of an end-to-end, hybrid, universal DevOps Platform. Its products include JFrog Artifactory, JFrog Pipelines, JFrog Connect, JFrog Xray, JFrog Distribution, and JFrog Container Registry. Its services include consulting, in-person training, and certification services. The company was founded by Frederic Simon, Shlomi Ben Haim, and Yoav Landman on April 28, 2008 and is headquartered in Sunnyvale, CA.

Publicly traded companies mentioned herein: Datadog Inc (DDOG), Gitlab Inc (GTLB), JFrog Ltd (FROG), Microsoft Corp (MSFT)

Highlights

The presenter is long shares of JFrog Ltd (FROG), which is a binary repository. After a code is written, it gets translated into binary, and FROG is the repository system of reference while also offering security add-ons. He is generally bullish on the DevOps space, expecting it to be a beneficiary of generative AI. As the cost of software comes down (through GenAI) and more software is built, all DevOps players will likely benefit. He describes FROG as “right” of GTLB and MSFT-owned GitHub, and “left” of observability platforms like DDOG. The stock is trading at 5.3x consensus 2024 revenues, and he feels his above-consensus profitability expectations justify a reasonable multiple of ~8x consensus 2024 revenues, creating upside from the current $26 per share to the mid-$30 range. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.