Principal Financial Group Inc. Has $41.76 Million Stock Position in JFrog Ltd. (NASDAQ:FROG)

Principal Financial Group Inc. boosted its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 55.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,437,941 shares of the company's stock after buying an additional 514,895 shares during the quarter. Principal Financial Group Inc. owned approximately 1.41% of JFrog worth $41,757,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in JFrog during the 2nd quarter worth $6,576,000. Russell Investments Group Ltd. raised its position in shares of JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company's stock valued at $1,268,000 after acquiring an additional 22,864 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of JFrog during the 1st quarter valued at $5,337,000. Quadrature Capital Ltd raised its position in shares of JFrog by 86.8% during the 1st quarter. Quadrature Capital Ltd now owns 119,025 shares of the company's stock valued at $5,263,000 after acquiring an additional 55,296 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of JFrog during the 1st quarter valued at $3,251,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 11,621 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the transaction, the executive now owns 547,413 shares in the company, valued at approximately $14,812,995.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,031 shares of company stock worth $3,618,247 over the last quarter. Company insiders own 15.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FROG. Cantor Fitzgerald reiterated an "overweight" rating and set a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Piper Sandler dropped their target price on shares of JFrog from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Scotiabank upped their target price on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday. Morgan Stanley dropped their target price on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird upped their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JFrog has an average rating of "Moderate Buy" and a consensus price target of $37.72.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $0.19 during mid-day trading on Monday, reaching $30.91. 1,205,220 shares of the company's stock were exchanged, compared to its average volume of 1,275,750. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. The business's fifty day moving average price is $29.20 and its 200-day moving average price is $32.23. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81.

JFrog Company 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.