JFrog Ltd. (FROG) Gained 36% in Q4
TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned 9.15% (net), compared to a 12.75% return for the Russell 2000 Growth Index. For the year, the fund returned 15.96% (net) compared to 18.66% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Small Cap Growth Strategy featured stocks like JFrog Ltd. (NASDAQ:FROG) in the fourth quarter 2023 investor letter. Headquartered in Sunnyvale, California, JFrog Ltd. (NASDAQ:FROG) provides a universal DevOps Platform. On March 21, 2024, JFrog Ltd. (NASDAQ:FROG) stock closed at $44.31 per share. One-month return of JFrog Ltd. (NASDAQ:FROG) was 2.14%, and its shares gained 134.57% of their value over the last 52 weeks. JFrog Ltd. (NASDAQ:FROG) has a market capitalization of $4.71 billion.
TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding JFrog Ltd. (NASDAQ:FROG) in its fourth quarter 2023 investor letter:
"This sector was also home to the strategy’s greatest contributor, JFrog Ltd. (NASDAQ:FROG), and its 36% gain. Providing systems to manage and speed the release of software updates from developers to users, JFrog reported higher-than-anticipated revenues and earnings. Revenues from its cloud-based offerings accelerated, leading to improvements in subscriptions and annual recurring revenue."
A corporate executive standing in front of a large monitor, demonstrating the DevOps package repository.
JFrog Ltd. (NASDAQ:FROG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, JFrog Ltd. (NASDAQ:FROG) was held by 40 hedge fund portfolios, compared to 30 in the previous quarter, according to our database.
We discussed JFrog Ltd. (NASDAQ:FROG) in another article and shared top picks of Light Street Capital which returned 46% in 2023. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
