JFrog Ltd. (NASDAQ:FROG) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194,717 shares of the company’s stock after selling 50,033 shares during the quarter. Baillie Gifford & Co. owned 1.17% of JFrog worth $35,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FROG. Sanctuary Advisors LLC acquired a new position in shares of JFrog in the 2nd quarter valued at $188,000. Assenagon Asset Management S.A. lifted its stake in JFrog by 54.2% during the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after buying an additional 95,004 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of JFrog in the third quarter worth about $275,000. abrdn plc increased its position in shares of JFrog by 9.4% in the third quarter. abrdn plc now owns 741,810 shares of the company’s stock worth $21,483,000 after acquiring an additional 63,840 shares in the last quarter. Finally, Roubaix Capital LLC raised its holdings in shares of JFrog by 2.4% during the third quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock valued at $2,597,000 after acquiring an additional 2,111 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Yossi Sela sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the transaction, the director now owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. The trade was a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 24,652 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the transaction, the chief technology officer now owns 6,526,901 shares of the company’s stock, valued at approximately $244,301,904.43. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 411,338 shares of company stock valued at $13,710,378 in the last quarter. Insiders own 15.70% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $39.80 on Tuesday. The business’s 50-day simple moving average is $32.96 and its 200-day simple moving average is $30.63. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $48.81. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -75.09 and a beta of 0.97.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. As a group, equities research analysts forecast that JFrog Ltd. will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Finally, KeyCorp reissued an “overweight” rating and issued a $46.00 price target (up from $36.00) on shares of JFrog in a research report on Friday. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $42.17.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.