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

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

Several other large investors have also recently added to or reduced their stakes in FROG. North Peak Capital Management LLC acquired a new stake in JFrog in the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC increased its holdings in JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after purchasing an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in JFrog in the 3rd quarter valued at $32,401,000. Thrivent Financial for Lutherans increased its holdings in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock valued at $68,969,000 after purchasing an additional 593,478 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after purchasing an additional 514,895 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JFrog news, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the sale, the director now owns 306,277 shares in the company, valued at approximately $12,410,344.04. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the completion of the sale, the chief technology officer now owns 6,582,242 shares in the company, valued at $199,178,642.92. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 437,580 shares of company stock valued at $14,803,200 over the last quarter. Insiders own 15.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FROG. Scotiabank increased their price target on JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, November 8th. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.17.

JFrog Trading Down 1.7 %

NASDAQ FROG traded down $0.67 during trading hours on Friday, reaching $38.53. The company's stock had a trading volume of 2,015,751 shares, compared to its average volume of 1,242,189. The business has a 50-day simple moving average of $33.73 and a 200 day simple moving average of $30.83. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $46.65. The stock has a market cap of $3.93 billion, a PE ratio of -61.16 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. As a group, equities analysts predict that JFrog Ltd. will post -0.29 EPS for the current 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.