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

Baillie Gifford & Co. decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244,750 shares of the company’s stock after selling 29,413 shares during the quarter. Baillie Gifford & Co. owned about 1.22% of JFrog worth $36,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in JFrog in the second quarter valued at approximately $6,576,000. Russell Investments Group Ltd. increased its position in shares of JFrog by 394.2% in the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock worth $1,268,000 after purchasing an additional 22,864 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after purchasing an additional 210,000 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in shares of JFrog during the first quarter worth about $5,337,000. Finally, Quadrature Capital Ltd grew its stake in JFrog by 86.8% in the first quarter. Quadrature Capital Ltd now owns 119,025 shares of the company’s stock worth $5,263,000 after purchasing an additional 55,296 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Performance

NASDAQ:FROG opened at $30.58 on Wednesday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The business has a fifty day moving average of $29.20 and a 200-day moving average of $32.23.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FROG shares. KeyCorp increased their target price on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Canaccord Genuity Group reduced their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America lowered their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.72.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JFrog news, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the sale, the executive now directly owns 536,714 shares in the company, valued at $15,183,639.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,806 shares of company stock valued at $4,185,802 over the last 90 days. 15.70% of the stock is currently owned by company insiders.

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.