Principal Financial Group Inc. Has $59.56 Million Position in JFrog Ltd. $FROG

Principal Financial Group Inc. reduced its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,258,353 shares of the company’s stock after selling 50,563 shares during the quarter. Principal Financial Group Inc.’s holdings in JFrog were worth $59,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FROG. Wilmington Savings Fund Society FSB increased its stake in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 1,152 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after purchasing an additional 2,946 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in JFrog during the 2nd quarter worth $136,000. Northwest & Ethical Investments L.P. acquired a new position in JFrog during the 2nd quarter worth about $171,000. Finally, Headlands Technologies LLC acquired a new stake in shares of JFrog in the second quarter valued at about $181,000. Institutional investors own 85.02% of the company’s stock.

Insider Activity at JFrog

In other JFrog news, Director Frederic Simon sold 100,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $58.84, for a total transaction of $5,884,000.00. Following the sale, the director directly owned 3,984,903 shares in the company, valued at approximately $234,471,692.52. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Tali Notman sold 13,357 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $64.80, for a total transaction of $865,533.60. Following the sale, the executive directly owned 631,325 shares of the company’s stock, valued at $40,909,860. This represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 497,814 shares of company stock valued at $30,245,410 over the last 90 days. 14.10% of the stock is owned by insiders.

JFrog Price Performance

Shares of NASDAQ FROG opened at $51.80 on Wednesday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -74.00 and a beta of 1.13. The firm’s 50 day simple moving average is $61.59 and its 200-day simple moving average is $53.24. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $70.43.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The company had revenue of $136.91 million for the quarter, compared to analysts’ expectations of $128.28 million. During the same period in the previous year, the firm posted $0.15 EPS. JFrog’s revenue was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FROG shares. Cantor Fitzgerald raised their target price on JFrog from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. BTIG Research initiated coverage on JFrog in a report on Tuesday, December 16th. They set a “buy” rating and a $83.00 price objective on the stock. DA Davidson raised shares of JFrog to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

JFrog Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.