Baillie Gifford & Co. Decreases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Baillie Gifford & Co. cut its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,557,259 shares of the company's stock after selling 180,855 shares during the period. Baillie Gifford & Co. owned about 1.53% of JFrog worth $53,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FROG. Raymond James & Associates grew its position in JFrog by 9.3% during the 1st quarter. Raymond James & Associates now owns 44,511 shares of the company's stock worth $1,200,000 after acquiring an additional 3,800 shares during the last quarter. US Bancorp DE boosted its position in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company's stock valued at $60,000 after buying an additional 2,119 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in JFrog by 74.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company's stock valued at $317,000 after buying an additional 5,012 shares during the last quarter. Rhumbline Advisers boosted its position in JFrog by 2.4% in the 1st quarter. Rhumbline Advisers now owns 56,791 shares of the company's stock valued at $1,531,000 after buying an additional 1,331 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in JFrog in the 1st quarter valued at $10,228,000. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 1,200 shares of JFrog stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the transaction, the chief executive officer now owns 4,969,129 shares in the company, valued at $173,919,515. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ben Haim Shlomi sold 1,200 shares of the business's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the sale, the chief executive officer now owns 4,969,129 shares in the company, valued at $173,919,515. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 605 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total value of $26,553.45. Following the sale, the chief financial officer now owns 85,565 shares of the company's stock, valued at approximately $3,755,447.85. The disclosure for this sale can be found here. Insiders sold 472,555 shares of company stock worth $21,001,917 in the last quarter. Corporate insiders own 30.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. Scotiabank assumed coverage on JFrog in a research note on Thursday, March 7th. They issued a "buy" rating on the stock. Truist Financial increased their price target on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Morgan Stanley increased their price target on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Finally, TheStreet raised JFrog from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.46.

JFrog Price Performance

Shares of FROG traded down $1.19 during midday trading on Wednesday, hitting $40.93. The stock had a trading volume of 670,508 shares, compared to its average volume of 1,273,901. The company has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $33.24. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of -68.22 and a beta of 0.99.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The firm had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. Analysts forecast that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

JFrog 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.